Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $20.24 and last traded at $20.37. 424,982 shares were traded during trading, an increase of 105% from the average session volume of 207,173 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Stock Down 0.7 %

The company’s fifty day simple moving average is $21.70 and its 200 day simple moving average is $21.29.

Adams Diversified Equity Fund Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 38.49%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Buying and Selling

In other news, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the sale, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at $30,000. Rothschild Investment LLC bought a new position in Adams Diversified Equity Fund during the second quarter valued at $45,000. Sunbelt Securities Inc. boosted its stake in shares of Adams Diversified Equity Fund by 23,200.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after purchasing an additional 2,552 shares during the period. LRI Investments LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in Adams Diversified Equity Fund in the 2nd quarter worth about $206,000. Institutional investors own 28.41% of the company’s stock.

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.