Adams Diversified Equity Fund (NYSE:ADX) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.87 and traded as low as $21.76. Adams Diversified Equity Fund shares last traded at $21.79, with a volume of 261,802 shares trading hands.

Adams Diversified Equity Fund Price Performance

The company has a 50 day simple moving average of $22.94 and a 200 day simple moving average of $22.87.

Adams Diversified Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, January 26th were given a $0.47 dividend. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Westfuller Advisors LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $28,000. Caldwell Trust Co bought a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $45,000. Bayban bought a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $57,000. CWM LLC increased its position in shares of Adams Diversified Equity Fund by 27.3% in the third quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock valued at $80,000 after acquiring an additional 773 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Adams Diversified Equity Fund by 119.4% in the fourth quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock valued at $101,000 after acquiring an additional 2,361 shares during the last quarter. Institutional investors own 28.41% of the company’s stock.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.