Adams Diversified Equity Fund (NYSE:ADX) Sees Strong Trading Volume – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw an uptick in trading volume on Monday . 157,670 shares traded hands during trading, a decline of 19% from the previous session’s volume of 193,971 shares.The stock last traded at $22.33 and had previously closed at $22.02.

Adams Diversified Equity Fund Stock Up 1.9 %

The stock’s fifty day moving average price is $21.64 and its 200 day moving average price is $21.19.

Adams Diversified Equity Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be paid a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 34.95%.

Insider Activity

In other news, Director Frederic A. Escherich sold 4,833 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the sale, the director now directly owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction 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. The trade was a 30.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter worth about $34,599,000. Landscape Capital Management L.L.C. grew its position in Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after purchasing an additional 398,729 shares during the last quarter. Lazard Asset Management LLC increased its stake in Adams Diversified Equity Fund by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after purchasing an additional 279,285 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of Adams Diversified Equity Fund in the third quarter worth $4,446,000. Finally, Cetera Investment Advisers purchased a new position in Adams Diversified Equity Fund in the 1st quarter worth $2,679,000. 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.