Adams Diversified Equity Fund (NYSE:ADX) Trading 0.9% Higher – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares rose 0.9% on Friday . The stock traded as high as $20.56 and last traded at $20.55. Approximately 51,067 shares traded hands during trading, a decline of 75% from the average daily volume of 206,456 shares. The stock had previously closed at $20.37.

Adams Diversified Equity Fund Stock Performance

The firm’s 50-day moving average is $21.68 and its two-hundred day moving average is $21.28.

Adams Diversified Equity Fund Dividend Announcement

The firm 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 $1.96 dividend. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 38.08%.

Insider Buying and Selling at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction dated 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 owns 49,908 shares in the company, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane Musser Nelson acquired 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 acquisition, the director now owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth approximately $45,000. Sunbelt Securities Inc. increased its holdings in shares of Adams Diversified Equity Fund by 23,200.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after buying an additional 2,552 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $62,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

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.