Adams Diversified Equity Fund (NYSE:ADX) Trading Up 0.2% – Here’s Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $20.63 and last traded at $20.62. 69,701 shares were traded during mid-day trading, a decline of 66% from the average session volume of 207,678 shares. The stock had previously closed at $20.58.

Adams Diversified Equity Fund Trading Down 0.3 %

The company has a 50 day moving average of $21.49 and a 200 day moving average of $21.34.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 annualized dividend and a yield of 38.23%.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the transaction, the director now directly owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. The trade was a 7.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of Adams Diversified Equity Fund

Several hedge funds have recently modified their holdings of the business. World Investment Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth $34,599,000. Landscape Capital Management L.L.C. grew its holdings in shares of Adams Diversified Equity Fund by 2,789.5% in 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 acquiring an additional 398,729 shares during the period. Shaker Financial Services LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $4,446,000. Sanctuary Advisors LLC acquired a new position in Adams Diversified Equity Fund during the second quarter worth $2,336,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Adams Diversified Equity Fund during the second quarter worth $2,133,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.