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Adams Diversified Equity Fund (NYSE:ADX) Shares Down 0% - What's Next?

Adams Diversified Equity Fund logo with Finance background

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) traded down 0% on Monday . The stock traded as low as $20.78 and last traded at $20.78. 39,082 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 206,710 shares. The stock had previously closed at $20.79.

Adams Diversified Equity Fund Price Performance

The business's 50-day moving average is $21.60 and its two-hundred day moving average is $21.33.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.96 per share. 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 37.78%.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson bought 1,155 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm's stock in a transaction on Monday, October 28th. The shares were 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 owns 49,908 shares of the company's stock, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of hedge funds have recently bought and sold shares of ADX. Wilmington Savings Fund Society FSB acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter worth $935,000. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter worth about $1,642,000. RB Capital Management LLC grew its holdings in Adams Diversified Equity Fund by 1.7% in the 3rd quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund's stock valued at $4,102,000 after buying an additional 3,227 shares during the period. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Finally, Walleye Capital LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $721,000. Institutional investors and hedge funds own 28.41% of the company's stock.

About Adams Diversified Equity Fund

(Get Free Report)

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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