Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.9% - What's Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report)'s stock price rose 0.9% on Friday . The stock traded as high as $20.56 and last traded at $20.55. Approximately 51,067 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 206,456 shares. The stock had previously closed at $20.37.

Adams Diversified Equity Fund Stock Up 1.0 %

The business's fifty day moving average is $21.66 and its 200-day moving average is $21.29.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a dividend yield of 38.11%. The ex-dividend date is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, 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 of the company's stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter valued at approximately $30,000. Rothschild Investment LLC purchased a new position in shares of Adams Diversified Equity Fund in the second quarter valued at $45,000. Sunbelt Securities Inc. increased its position in 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 worth $55,000 after purchasing an additional 2,552 shares during the last quarter. LRI Investments LLC purchased a new stake in Adams Diversified Equity Fund during the third quarter valued at $62,000. Finally, Great Valley Advisor Group Inc. bought a new position in Adams Diversified Equity Fund during the second quarter valued at $206,000. 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.