Adams Diversified Equity Fund (NYSE:ADX) Trading 1% Higher - Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares traded up 1% during trading on Wednesday . The company traded as high as $20.80 and last traded at $20.77. 56,027 shares were traded during trading, a decline of 73% from the average session volume of 206,770 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Trading Up 0.8 %

The stock has a 50-day moving average price of $21.58 and a 200 day moving average price of $21.33.

Adams Diversified Equity Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.82%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jane Musser Nelson purchased 1,155 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, October 31st. The stock was bought at an average cost 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 approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the sale, the director now owns 49,908 shares of the company's stock, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $935,000. World Investment Advisors LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $1,642,000. RB Capital Management LLC raised its holdings in Adams Diversified Equity Fund by 1.7% in the 3rd quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund's stock valued at $4,102,000 after acquiring an additional 3,227 shares during the last quarter. LRI Investments LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $62,000. Finally, Walleye Capital LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $721,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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