Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% - What's Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) shares were down 0.7% on Thursday . The company traded as low as $20.24 and last traded at $20.37. Approximately 424,982 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 207,173 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Stock Performance

The firm's 50-day simple moving average is $21.68 and its 200-day simple moving average is $21.28.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 38.49%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling

In other news, Director Jane Musser Nelson bought 1,155 shares of the business's stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the director now owns 59,408 shares in the company, valued at $1,301,035.20. The trade was a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Institutional Trading of Adams Diversified Equity Fund

Several institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $34,599,000. Landscape Capital Management L.L.C. boosted its stake in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund's stock valued at $8,905,000 after purchasing an additional 398,729 shares during the period. Shaker Financial Services LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at $4,446,000. Cetera Investment Advisers purchased a new position in shares of Adams Diversified Equity Fund in the first quarter valued at about $2,679,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the second quarter valued at about $2,336,000. 28.41% of the stock is currently owned by hedge funds and other 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.