Adams Diversified Equity Fund (NYSE:ADX) Reaches New 1-Year Low – Should You Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $18.10 and last traded at $18.17, with a volume of 5277 shares traded. The stock had previously closed at $18.45.

Adams Diversified Equity Fund Stock Down 2.2 %

The firm’s 50-day moving average price is $19.89 and its 200-day moving average price is $20.74.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.42%. The ex-dividend date was Monday, January 27th.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in Adams Diversified Equity Fund by 5.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund’s stock worth $60,545,000 after acquiring an additional 143,863 shares during the period. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at $34,599,000. Raymond James Financial Inc. acquired a new stake in Adams Diversified Equity Fund during the 4th quarter valued at $20,836,000. Blue Bell Private Wealth Management LLC increased its stake in Adams Diversified Equity Fund by 4.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund’s stock worth $18,917,000 after buying an additional 43,340 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Adams Diversified Equity Fund by 9.8% in the 4th quarter. Royal Bank of Canada now owns 755,447 shares of the closed-end fund’s stock worth $15,261,000 after buying an additional 67,533 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

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.