Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.1% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price traded up 0.1% during mid-day trading on Thursday . The company traded as high as $20.29 and last traded at $20.08. 122,230 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 208,377 shares. The stock had previously closed at $20.05.

Adams Diversified Equity Fund Trading Up 0.2 %

The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $21.33.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 39.02%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the sale, the director now owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund 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 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 disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Creative Planning raised its holdings in Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after acquiring an additional 633 shares during the period. Sage Capital Advisors llc grew its holdings in Adams Diversified Equity Fund by 3.6% during 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 in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Massmutual Trust Co. FSB ADV 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. Financial Counselors Inc. lifted its holdings in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after buying an additional 950 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Adams Diversified Equity Fund by 1.4% during the second 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 last quarter. Hedge funds and other institutional investors 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.