Adams Diversified Equity Fund (NYSE:ADX) Trading 0.4% Higher – Here’s Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price rose 0.4% during trading on Monday . The stock traded as high as $20.67 and last traded at $20.51. Approximately 141,410 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 204,509 shares. The stock had previously closed at $20.42.

Adams Diversified Equity Fund Price Performance

The company’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $21.28.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a $1.96 dividend. This represents a $7.84 annualized dividend and a dividend yield of 38.36%. The ex-dividend date of this dividend is Friday, November 22nd.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Adams Diversified Equity Fund

Hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth $34,599,000. Bensler LLC increased its position in Adams Diversified Equity Fund by 9.1% during the 3rd quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock worth $12,575,000 after purchasing an additional 48,581 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Adams Diversified Equity Fund by 1.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock valued at $12,080,000 after purchasing an additional 10,210 shares during the last quarter. Raymond James & Associates boosted its position in Adams Diversified Equity Fund by 10.8% in the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after buying an additional 51,599 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after buying an additional 398,729 shares during the last quarter. 28.41% of the stock is owned by 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.