Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.2% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares shot up 0.2% during trading on Wednesday . The company traded as high as $20.63 and last traded at $20.62. 69,701 shares changed hands during trading, a decline of 66% from the average session volume of 207,678 shares. The stock had previously closed at $20.58.

Adams Diversified Equity Fund Stock Performance

The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $21.32.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 39.12%.

Insiders Place Their Bets

In related news, Director Jane Musser Nelson purchased 1,155 shares of the business’s 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the business’s 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 transaction, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds have recently bought and sold shares of ADX. Wilmington Savings Fund Society FSB purchased a new position in Adams Diversified Equity Fund in the third quarter valued at $935,000. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $1,642,000. RB Capital Management LLC grew its position in shares of Adams Diversified Equity Fund by 1.7% during the 3rd quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock valued at $4,102,000 after acquiring an additional 3,227 shares during the period. LRI Investments LLC purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $62,000. Finally, Walleye Capital LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $721,000. 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.