Adams Diversified Equity Fund (NYSE:ADX) Shares Down 0.6% – Here’s What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares dropped 0.6% on Wednesday . The stock traded as low as $20.37 and last traded at $20.40. Approximately 105,751 shares were traded during trading, a decline of 49% from the average daily volume of 205,695 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Price Performance

The stock’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $21.29.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a dividend of $1.96 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.56%.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund 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 owns 49,908 shares in the company, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jane Musser Nelson acquired 1,155 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, the director now 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. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $30,000. Rothschild Investment LLC purchased a new position in Adams Diversified Equity Fund in the 2nd quarter valued at about $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 last quarter. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth about $62,000. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

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.