Adams Diversified Equity Fund (NYSE:ADX) Trading 1% Higher – Should You Buy?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) were up 1% on Wednesday . The stock traded as high as $20.80 and last traded at $20.77. Approximately 56,027 shares traded hands during trading, a decline of 73% from the average daily volume of 206,770 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Trading Down 0.3 %

The stock has a fifty day moving average price of $21.54 and a two-hundred day moving average price of $21.32.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed 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. This represents a $7.84 annualized dividend and a yield of 38.26%. The ex-dividend date of this dividend is Friday, November 22nd.

Insiders Place Their Bets

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

Institutional Trading of Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the 3rd quarter worth approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $45,000. Sunbelt Securities Inc. raised its position in shares of Adams Diversified Equity Fund by 23,200.0% during the second 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 during the last quarter. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund in the third quarter worth approximately $62,000. Finally, Great Valley Advisor Group Inc. bought a new stake in Adams Diversified Equity Fund in the second quarter valued at approximately $206,000. 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.