Adams Diversified Equity Fund (NYSE:ADX) Sees Strong Trading Volume

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-strong trading volume on Wednesday . Approximately 226,349 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 191,023 shares.The stock last traded at $21.30 and had previously closed at $21.35.

Adams Diversified Equity Fund Stock Down 0.5 %

The firm’s 50 day simple moving average is $21.11 and its 200 day simple moving average is $20.48.

Adams Diversified Equity Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 8.28%. The ex-dividend date of this dividend was Monday, August 5th.

Institutional Trading of Adams Diversified Equity Fund

Several hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its position in Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock worth $85,926,000 after purchasing an additional 279,285 shares in the last quarter. Karpus Management Inc. purchased a new position in Adams Diversified Equity Fund during the fourth quarter worth approximately $2,745,000. Cetera Investment Advisers purchased a new position in Adams Diversified Equity Fund during the first quarter worth approximately $2,679,000. Sanctuary Advisors LLC purchased a new position in Adams Diversified Equity Fund during the second quarter worth approximately $2,336,000. Finally, Thrivent Financial for Lutherans purchased a new position in Adams Diversified Equity Fund during the second quarter worth approximately $2,133,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

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.