Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% - Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) traded down 0.7% on Tuesday . The company traded as low as $20.50 and last traded at $20.51. 75,914 shares were traded during mid-day trading, a decline of 63% from the average session volume of 207,835 shares. The stock had previously closed at $20.66.

Adams Diversified Equity Fund Stock Performance

The company's 50 day moving average price is $21.49 and its 200 day moving average price is $21.34.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a yield of 38.13%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 59,408 shares in the company, valued at $1,301,035.20. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

A number of institutional investors have recently made changes to their positions in ADX. Farther Finance Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter worth about $30,000. Rothschild Investment LLC bought a new position in Adams Diversified Equity Fund during the 2nd quarter worth approximately $45,000. Sunbelt Securities Inc. grew its holdings in Adams Diversified Equity Fund by 23,200.0% during the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund's stock valued at $55,000 after purchasing an additional 2,552 shares during the period. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $62,000. Finally, Kingsview Wealth Management LLC bought a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $238,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.