Adams Diversified Equity Fund (NYSE:ADX) Sees Unusually-High Trading Volume - What's Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares saw strong trading volume on Monday . 157,670 shares changed hands during mid-day trading, a decline of 19% from the previous session's volume of 193,971 shares.The stock last traded at $22.33 and had previously closed at $22.02.

Adams Diversified Equity Fund Price Performance

The firm has a 50 day moving average of $21.67 and a two-hundred day moving average of $21.21.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 annualized dividend and a yield of 34.94%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

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

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several large investors have recently bought and sold shares of the company. World Investment Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $34,599,000. Landscape Capital Management L.L.C. raised its position in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund's stock worth $8,905,000 after acquiring an additional 398,729 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund's stock worth $85,926,000 after acquiring an additional 279,285 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $4,446,000. Finally, Cetera Investment Advisers bought a new position in shares of Adams Diversified Equity Fund during the first quarter worth about $2,679,000. 28.41% of the stock is currently owned by institutional investors.

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.