Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.3% – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) rose 0.3% during trading on Thursday . The stock traded as high as $22.53 and last traded at $22.36. Approximately 351,323 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 200,158 shares. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Trading Up 0.4 %

The firm’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $21.24.

Adams Diversified Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be issued a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a yield of 35.03%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In other news, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the transaction, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ADX. Lazard Asset Management LLC raised its holdings in shares of Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Cetera Investment Advisers purchased a new position in Adams Diversified Equity Fund during the 1st quarter valued at about $2,679,000. Prevail Innovative Wealth Advisors LLC increased its position in Adams Diversified Equity Fund by 12.2% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock valued at $4,725,000 after purchasing an additional 23,971 shares during the period. Providence Wealth Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $2,126,000. Finally, Bensler LLC increased its position in Adams Diversified Equity Fund by 4.1% during the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock valued at $11,491,000 after purchasing an additional 20,929 shares during the period. 28.41% of the stock is currently owned by institutional investors.

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.