Adams Diversified Equity Fund (NYSE:ADX) Reaches New 52-Week Low – Here’s Why

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

Adams Diversified Equity Fund Stock Performance

The firm’s 50 day moving average is $19.81 and its 200 day moving average is $20.71.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 10.80%.

Institutional Trading of Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently made changes to their positions in ADX. Walleye Capital LLC purchased a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $721,000. World Investment Advisors LLC bought a new stake in Adams Diversified Equity Fund during the third quarter worth about $34,599,000. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund in the third quarter worth $62,000. RB Capital Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 1.7% in the third quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock worth $4,102,000 after buying an additional 3,227 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Adams Diversified Equity Fund in the third quarter worth $935,000. Hedge funds and other institutional investors 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.