Adams Diversified Equity Fund (NYSE:ADX) Shares Pass Below 50 Day Moving Average – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.80 and traded as low as $22.45. Adams Diversified Equity Fund shares last traded at $22.6330, with a volume of 336,183 shares traded.

Adams Diversified Equity Fund Trading Up 0.9%

The stock has a fifty day moving average of $22.80 and a 200-day moving average of $22.88.

Adams Diversified Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, January 26th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, January 26th. 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 8.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Adams Diversified Equity Fund by 3.8% in the fourth quarter. Bank of Montreal Can now owns 11,886 shares of the closed-end fund’s stock valued at $277,000 after acquiring an additional 435 shares during the last quarter. MML Investors Services LLC increased its position in shares of Adams Diversified Equity Fund by 1.3% in the fourth quarter. MML Investors Services LLC now owns 32,763 shares of the closed-end fund’s stock valued at $764,000 after acquiring an additional 436 shares during the last quarter. Uniting Wealth Partners LLC increased its position in shares of Adams Diversified Equity Fund by 2.0% in the fourth quarter. Uniting Wealth Partners LLC now owns 22,306 shares of the closed-end fund’s stock valued at $520,000 after acquiring an additional 439 shares during the last quarter. Capstone Financial Advisors Inc. increased its position in shares of Adams Diversified Equity Fund by 1.1% in the fourth quarter. Capstone Financial Advisors Inc. now owns 42,513 shares of the closed-end fund’s stock valued at $991,000 after acquiring an additional 451 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Adams Diversified Equity Fund by 2.0% in the fourth quarter. Blue Trust Inc. now owns 27,386 shares of the closed-end fund’s stock valued at $639,000 after acquiring an additional 540 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors.

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.