Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.5% - What's Next?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) traded up 0.5% during trading on Monday . The stock traded as high as $20.69 and last traded at $20.59. Approximately 62,422 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 207,321 shares. The stock had previously closed at $20.49.

Adams Diversified Equity Fund Price Performance

The stock's 50 day simple moving average is $21.51 and its two-hundred day simple moving average 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 37.95%. The ex-dividend date is Friday, November 22nd.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the business's stock in a transaction 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 $1,094,482.44. The trade was a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares of the company's stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Institutional Trading of Adams Diversified Equity Fund

A number of institutional investors have recently added to or reduced their stakes in ADX. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $34,599,000. Landscape Capital Management L.L.C. raised its position in shares of Adams Diversified Equity Fund by 2,789.5% in the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund's stock worth $8,905,000 after buying an additional 398,729 shares in the last quarter. Shaker Financial Services LLC bought a new stake in Adams Diversified Equity Fund during the third quarter valued at $4,446,000. Sanctuary Advisors LLC purchased a new position in Adams Diversified Equity Fund during the second quarter worth about $2,336,000. Finally, Thrivent Financial for Lutherans bought a new position in Adams Diversified Equity Fund in the 2nd quarter worth about $2,133,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

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.