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

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price dropped 0.9% during trading on Wednesday . The stock traded as low as $22.26 and last traded at $22.33. Approximately 167,422 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 197,471 shares. The stock had previously closed at $22.53.

Adams Diversified Equity Fund Trading Down 1.2 %

The business’s fifty day simple moving average is $21.71 and its two-hundred day simple moving average is $21.24.

Adams Diversified Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 35.20%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction 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 currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in shares of Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Cetera Investment Advisers acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $2,679,000. Prevail Innovative Wealth Advisors LLC raised its stake in shares of Adams Diversified Equity Fund by 12.2% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock worth $4,725,000 after buying an additional 23,971 shares in the last quarter. Providence Wealth Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $2,126,000. Finally, Bensler LLC boosted its stake in shares of Adams Diversified Equity Fund by 4.1% in the second quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock valued at $11,491,000 after buying an additional 20,929 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.