Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.6% - Here's Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) traded down 0.6% on Wednesday . The company traded as low as $20.37 and last traded at $20.40. 105,751 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 205,695 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Trading Down 0.9 %

The stock's fifty day moving average price is $21.72 and its 200-day moving average price is $21.29.

Adams Diversified Equity Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a yield of 38.56%. The ex-dividend date is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson purchased 1,155 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now directly owns 4,982 shares of the company's stock, valued at $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were 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 directly owns 49,908 shares of the company's stock, valued at $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. 0.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of ADX. Creative Planning boosted its holdings in shares of Adams Diversified Equity Fund by 5.0% in 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. Capital Market Strategies LLC boosted its holdings in Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund's stock valued at $521,000 after purchasing an additional 767 shares in the last quarter. Sage Capital Advisors llc lifted its holdings in shares of Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund's stock valued at $548,000 after buying an additional 885 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Adams Diversified Equity Fund by 2.1% in 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 buying an additional 950 shares during the period. Finally, Financial Counselors Inc. boosted its stake in shares of 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 valued at $1,013,000 after buying an additional 950 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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