Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.2% - Here's What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares were up 0.2% during mid-day trading on Wednesday . The stock traded as high as $20.63 and last traded at $20.62. Approximately 69,701 shares traded hands during trading, a decline of 66% from the average daily volume of 207,678 shares. The stock had previously closed at $20.58.

Adams Diversified Equity Fund Stock Performance

The business's 50 day simple moving average is $21.49 and its 200-day simple moving average is $21.34.

Adams Diversified Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a $1.96 dividend. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 39.10%.

Insider Buying and Selling at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction on 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 sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This 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 is available at this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the acquisition, the director now owns 4,982 shares of the company's stock, valued at $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of institutional investors have recently added to or reduced their stakes in ADX. Farther Finance Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth $30,000. Rothschild Investment LLC bought a new stake in Adams Diversified Equity Fund during the second quarter valued at about $45,000. Sunbelt Securities Inc. grew its position in shares of Adams Diversified Equity Fund by 23,200.0% in the second 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 bought a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $62,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $238,000. 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.