Adams Diversified Equity Fund (NYSE:ADX) Sets New 12-Month High – Time to Buy?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) reached 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 traded. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Stock Up 1.1 %

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

Insider Activity

In related news, Director Frederic A. Escherich sold 4,833 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $21.90, for a total transaction of $105,842.70. Following the sale, the director now directly owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the sale, the director now owns 59,408 shares of the company’s stock, valued at $1,301,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jane Musser Nelson bought 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares of the company’s stock, valued at $108,059.58. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC bought a new position in Adams Diversified Equity Fund in the 2nd quarter valued at about $45,000. Sunbelt Securities Inc. raised its position in shares of Adams Diversified Equity Fund by 23,200.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after buying an additional 2,552 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter worth approximately $206,000. Finally, Covestor Ltd acquired a new position in shares of Adams Diversified Equity Fund during the first quarter valued at approximately $203,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.