Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.5% - Here's Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares rose 0.5% during trading on Wednesday . The stock traded as high as $20.80 and last traded at $20.76. Approximately 83,650 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 206,286 shares. The stock had previously closed at $20.66.

Adams Diversified Equity Fund Stock Up 0.3 %

The company's fifty day moving average is $21.63 and its 200 day moving average is $21.31.

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 paid a $1.96 dividend. This represents a $7.84 annualized dividend and a yield of 37.82%. The ex-dividend date of this dividend is Friday, November 22nd.

Insiders Place Their Bets

In related news, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederic A. Escherich sold 4,833 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the sale, the director now owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its holdings in shares of Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund's stock valued at $4,108,000 after purchasing an additional 26,936 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Adams Diversified Equity Fund during the 1st quarter valued at $2,679,000. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Providence Wealth Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at $2,126,000. Finally, Bensler LLC grew its holdings in shares of 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 last quarter. Institutional investors own 28.41% of the company's stock.

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.

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.