Adams Diversified Equity Fund (NYSE:ADX) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.24 and traded as low as $20.16. Adams Diversified Equity Fund shares last traded at $20.30, with a volume of 205,016 shares traded.

Adams Diversified Equity Fund Price Performance

The firm's 50-day simple moving average is $21.21 and its 200-day simple moving average is $21.31.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd were given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.81%. The ex-dividend date of this dividend was Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jane Musser Nelson acquired 1,155 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction dated 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 in the company, valued at $1,094,482.44. This trade 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 Investors Weigh In On Adams Diversified Equity Fund

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter worth about $30,000. Rothschild Investment LLC purchased a new position in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $45,000. Sunbelt Securities Inc. boosted its stake in 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 purchasing an additional 2,552 shares in the last quarter. LRI Investments LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth approximately $62,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth approximately $238,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.