Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 717,000 shares, a growth of 14.9% from the March 31st total of 623,900 shares. Based on an average trading volume of 244,100 shares, the short-interest ratio is presently 2.9 days.
Hedge Funds Weigh In On Adams Diversified Equity Fund
Several institutional investors have recently added to or reduced their stakes in ADX. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Adams Diversified Equity Fund during the first quarter worth approximately $289,000. Waterfront Wealth Inc. raised its holdings in shares of Adams Diversified Equity Fund by 2.6% in the first quarter. Waterfront Wealth Inc. now owns 345,783 shares of the closed-end fund's stock valued at $5,377,000 after buying an additional 8,883 shares during the last quarter. Park Avenue Securities LLC lifted its position in Adams Diversified Equity Fund by 6.7% during the 1st quarter. Park Avenue Securities LLC now owns 23,779 shares of the closed-end fund's stock worth $370,000 after buying an additional 1,501 shares in the last quarter. Allworth Financial LP bought a new stake in Adams Diversified Equity Fund during the 1st quarter worth about $58,000. Finally, Ronald Blue Trust Inc. raised its stake in shares of Adams Diversified Equity Fund by 6.1% in the first quarter. Ronald Blue Trust Inc. now owns 20,787 shares of the closed-end fund's stock worth $302,000 after acquiring an additional 1,200 shares during the last quarter. 18.76% of the stock is owned by institutional investors.
Get Adams Diversified Equity Fund alerts:Adams Diversified Equity Fund Stock Performance
Adams Diversified Equity Fund stock traded up $0.10 during mid-day trading on Friday, hitting $15.74. 106,204 shares of the company were exchanged, compared to its average volume of 175,162. The business has a fifty day moving average of $15.36 and a 200 day moving average of $15.25. Adams Diversified Equity Fund has a 1-year low of $14.20 and a 1-year high of $17.54.
Adams Diversified Equity Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 17th.
About Adams Diversified Equity Fund
(Get Rating)
The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company's business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.
See Also
- Get a free copy of the StockNews.com research report on Adams Diversified Equity Fund (ADX)
- MarketBeat Week in Review – 4/24 – 4/28
- How to Invest in the Top Grocery Stocks for This Year
- Array Technologies Brings Solar Flare To 2023 Earnings Forecast
- Best Bank Stocks to Invest in Ahead of Rising Interest Rates
- How to Invest in Farmland: 7 Simple Ways
Receive News & Ratings for Adams Diversified Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.