Adams Diversified Equity Fund (NYSE:ADX) Shares Down 0% - Here's Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report)'s share price dropped 0% on Thursday . The stock traded as low as $20.72 and last traded at $20.72. Approximately 53,683 shares were traded during trading, a decline of 74% from the average daily volume of 206,714 shares. The stock had previously closed at $20.73.

Adams Diversified Equity Fund Price Performance

The firm has a 50-day moving average price of $21.62 and a 200-day moving average price of $21.31.

Adams Diversified Equity Fund Announces Dividend

The company also recently disclosed 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 37.73%.

Insider Activity

In related news, Director Frederic A. Escherich sold 4,833 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the transaction, the director now directly owns 59,408 shares in the company, valued at $1,301,035.20. The trade was a 7.52 % decrease in their position. The sale was disclosed in a legal 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 stock was acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Institutional Trading of Adams Diversified Equity Fund

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter valued at approximately $30,000. Rothschild Investment LLC bought a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at $45,000. Sunbelt Securities Inc. boosted its stake 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 buying an additional 2,552 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter worth $62,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in Adams Diversified Equity Fund during the second quarter valued at $206,000. 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.

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