Adams Diversified Equity Fund (NYSE:ADX) Hits New 52-Week High – Here’s What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price hit a new 52-week high on Thursday . The company traded as high as $22.57 and last traded at $22.53, with a volume of 36254 shares. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Price Performance

The company’s 50-day simple moving average is $21.44 and its 200-day simple moving average is $21.00.

Insider Activity

In related news, Director Frederic A. Escherich sold 4,833 shares of Adams Diversified Equity Fund stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the transaction, the director now owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic A. Escherich sold 4,833 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the transaction, the director now directly owns 59,408 shares in the company, valued at $1,301,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its position in Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after purchasing an additional 279,285 shares during the last quarter. Shaker Financial Services LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $4,446,000. Cetera Investment Advisers acquired a new position in Adams Diversified Equity Fund in the first quarter worth approximately $2,679,000. Sanctuary Advisors LLC bought a new position in Adams Diversified Equity Fund during the second quarter valued at approximately $2,336,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Adams Diversified Equity Fund in the second quarter valued at approximately $2,133,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.