Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.9% – What’s Next?

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

Adams Diversified Equity Fund Trading Up 1.1 %

The company’s 50 day moving average price is $21.68 and its 200 day moving average price is $21.28.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.96 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a dividend yield of 38.08%.

Insider Transactions at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the sale, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired 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 owns 4,982 shares of the company’s stock, valued at $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 Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $30,000. Rothschild Investment LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth about $45,000. Sunbelt Securities Inc. boosted its stake 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 acquiring an additional 2,552 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $62,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth about $206,000. 28.41% of the stock is 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.