Adams Diversified Equity Fund (NYSE:ADX) Stock Price Down 0% - Should You Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report)'s stock price traded down 0% during trading on Thursday . The stock traded as low as $20.70 and last traded at $20.72. 69,269 shares were traded during mid-day trading, a decline of 67% from the average session volume of 206,878 shares. The stock had previously closed at $20.73.

Adams Diversified Equity Fund Stock Performance

The business's 50 day moving average price is $21.55 and its two-hundred day moving average price is $21.33.

Adams Diversified Equity Fund Dividend Announcement

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 given a dividend of $1.96 per share. The ex-dividend date is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.13%.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total transaction 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 trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jane Musser Nelson bought 1,155 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. This represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning increased its holdings in shares of Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund's stock valued at $286,000 after acquiring an additional 633 shares in the last quarter. Sage Capital Advisors llc grew its position in Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund's stock valued at $548,000 after purchasing an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund's stock valued at $1,013,000 after purchasing an additional 950 shares in the last quarter. Financial Counselors Inc. raised its holdings in Adams Diversified Equity Fund by 2.1% in the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund's stock worth $1,013,000 after buying an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Adams Diversified Equity Fund by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund's stock worth $1,660,000 after buying an additional 1,045 shares during the last quarter. Institutional investors own 28.41% of the company's stock.

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.