Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.4% – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was up 0.4% during trading on Monday . The stock traded as high as $20.67 and last traded at $20.51. Approximately 141,410 shares changed hands during trading, a decline of 31% from the average daily volume of 204,509 shares. The stock had previously closed at $20.42.

Adams Diversified Equity Fund Stock Performance

The stock’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $21.29.

Adams Diversified Equity Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be issued a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 38.49%.

Insider Activity

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson acquired 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the 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 sale, the director now directly 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 disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

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

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.