Adams Diversified Equity Fund (NYSE:ADX) Sees Large Volume Increase - Here's Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) saw strong trading volume on Monday . 237,992 shares changed hands during mid-day trading, an increase of 14% from the previous session's volume of 209,311 shares.The stock last traded at $20.40 and had previously closed at $20.28.

Adams Diversified Equity Fund Trading Up 1.0 %

The company's fifty day simple moving average is $21.40 and its 200 day simple moving average is $21.33.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.28%.

Insider Transactions at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the sale, the director now owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now directly owns 4,982 shares in the company, valued at approximately $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

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in Adams Diversified Equity Fund in the third quarter worth about $30,000. Rothschild Investment LLC bought a new stake in Adams Diversified Equity Fund in the second quarter worth $45,000. Sunbelt Securities Inc. boosted its holdings in shares of 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 worth $55,000 after purchasing an additional 2,552 shares during the period. LRI Investments LLC bought a new position in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $62,000. Finally, Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $238,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

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.