Adams Diversified Equity Fund (NYSE:ADX) Stock Price Down 0.1% – Here’s Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) fell 0.1% during trading on Tuesday . The stock traded as low as $20.57 and last traded at $20.66. 72,542 shares were traded during mid-day trading, a decline of 65% from the average session volume of 206,139 shares. The stock had previously closed at $20.68.

Adams Diversified Equity Fund Trading Down 0.0 %

The company has a 50 day moving average of $21.65 and a 200 day moving average of $21.31.

Adams Diversified Equity Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 37.93%.

Insider Buying and Selling

In other news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, with a total value of $25,051.95. Following the purchase, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the third quarter worth about $34,599,000. Bensler LLC grew its stake in Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock worth $12,575,000 after purchasing an additional 48,581 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Adams Diversified Equity Fund by 1.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock valued at $12,080,000 after buying an additional 10,210 shares during the last quarter. Raymond James & Associates lifted its stake in Adams Diversified Equity Fund by 10.8% during the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock worth $11,421,000 after purchasing an additional 51,599 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its position in shares of 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 valued at $8,905,000 after buying an additional 398,729 shares during the last quarter. Hedge funds and other institutional investors 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.