Adams Diversified Equity Fund (NYSE:ADX) Trading Up 0.5% – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Free Report)’s share price traded up 0.5% during mid-day trading on Monday . The stock traded as high as $20.69 and last traded at $20.59. 62,422 shares were traded during mid-day trading, a decline of 70% from the average session volume of 207,321 shares. The stock had previously closed at $20.49.

Adams Diversified Equity Fund Stock Performance

The stock has a 50-day simple moving average of $21.52 and a 200 day simple moving average of $21.33.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a yield of 37.95%. The ex-dividend date is Friday, November 22nd.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Adams Diversified Equity Fund by 5.0% in the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after purchasing an additional 633 shares during the period. Sage Capital Advisors llc grew its holdings in Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock valued at $548,000 after buying an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after acquiring an additional 950 shares during the last quarter. Financial Counselors Inc. raised its position in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after buying an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Adams Diversified Equity Fund by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock worth $1,660,000 after acquiring an additional 1,045 shares during the period. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Adams Diversified Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.