Adams Diversified Equity Fund (NYSE:ADX) Trading 0% Higher - Here's Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares traded up 0% on Friday . The stock traded as high as $20.78 and last traded at $20.57. 39,012 shares changed hands during trading, a decline of 81% from the average session volume of 206,823 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Price Performance

The business's fifty day moving average price is $21.54 and its 200-day moving average price is $21.32.

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 38.28%. The ex-dividend date is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in 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 buying an additional 26,936 shares during the period. Walleye Capital LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $721,000. Prevail Innovative Wealth Advisors LLC lifted its position in Adams Diversified Equity Fund by 12.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock valued at $4,725,000 after buying an additional 23,971 shares during the period. Providence Wealth Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 2nd quarter worth approximately $2,126,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at $655,000. 28.41% of the stock is 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.