Adams Diversified Equity Fund (NYSE:ADX) Hits New 12-Month High – Here’s Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) hit a new 52-week high during trading on Friday . The company traded as high as $22.75 and last traded at $22.75, with a volume of 6278 shares traded. The stock had previously closed at $22.28.

Adams Diversified Equity Fund Stock Up 2.1 %

The firm has a 50 day moving average price of $21.58 and a two-hundred day moving average price of $21.13.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson acquired 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the director now owns 59,408 shares in the company, valued at $1,301,035.20. The trade was a 7.52 % 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 insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $30,000. Rothschild Investment LLC acquired a new stake in Adams Diversified Equity Fund in the second quarter worth about $45,000. Sunbelt Securities Inc. raised its holdings in 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 purchasing an additional 2,552 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $206,000. Finally, Covestor Ltd bought a new position in shares of Adams Diversified Equity Fund in the 1st quarter valued at about $203,000. 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.