Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% – Here’s Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares traded down 0.7% during trading on Tuesday . The stock traded as low as $20.50 and last traded at $20.51. 75,914 shares traded hands during trading, a decline of 63% from the average session volume of 207,835 shares. The stock had previously closed at $20.66.

Adams Diversified Equity Fund Stock Down 0.7 %

The firm has a 50 day moving average price of $21.51 and a 200-day moving average price of $21.34.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 38.21%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson purchased 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its stake in Adams Diversified Equity Fund by 5.0% in the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after buying an additional 633 shares in the last quarter. Sage Capital Advisors llc increased its position in Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after purchasing an additional 885 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares in the last quarter. Financial Counselors Inc. boosted its holdings in Adams Diversified Equity Fund by 2.1% in the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after acquiring an additional 950 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Adams Diversified Equity Fund by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock valued at $1,660,000 after buying an additional 1,045 shares during the last quarter. Institutional investors and hedge funds 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.