Adams Diversified Equity Fund (NYSE:ADX) Sees Strong Trading Volume – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares saw an uptick in trading volume on Monday . 157,670 shares changed hands during trading, a decline of 19% from the previous session’s volume of 193,971 shares.The stock last traded at $22.33 and had previously closed at $22.02.

Adams Diversified Equity Fund Trading Up 0.4 %

The stock’s fifty day moving average price is $21.71 and its 200-day moving average price is $21.24.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a dividend yield of 34.80%.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson acquired 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. The trade was 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 company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake 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. 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 grew its position in Adams Diversified Equity Fund by 12.2% in 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 acquiring an additional 23,971 shares in the last quarter. Providence Wealth Advisors LLC purchased a new stake in Adams Diversified Equity Fund during the second quarter worth about $2,126,000. Finally, Bensler LLC lifted its position in shares of Adams Diversified Equity Fund by 4.1% during the second quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock worth $11,491,000 after purchasing an additional 20,929 shares in the last quarter. 28.41% of the stock is 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.