Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.3% - What's Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) rose 0.3% during trading on Thursday . The stock traded as high as $22.53 and last traded at $22.36. Approximately 351,323 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 200,158 shares. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Trading Up 0.4 %

The firm's fifty day moving average price is $21.74 and its two-hundred day moving average price is $21.24.

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 issued a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a yield of 35.03%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In other news, Director Jane Musser Nelson bought 1,155 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 49,908 shares of the company's stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ADX. Lazard Asset Management LLC raised its holdings in shares of Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund's stock valued at $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Cetera Investment Advisers purchased a new position in Adams Diversified Equity Fund during the 1st quarter valued at about $2,679,000. Prevail Innovative Wealth Advisors LLC increased its position in Adams Diversified Equity Fund by 12.2% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock valued at $4,725,000 after purchasing an additional 23,971 shares during the period. Providence Wealth Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $2,126,000. Finally, Bensler LLC increased its position in Adams Diversified Equity Fund by 4.1% during the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund's stock valued at $11,491,000 after purchasing an additional 20,929 shares during the period. 28.41% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.