Adams Diversified Equity Fund (NYSE:ADX) Shares Down 0% – Here’s What Happened

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) were down 0% during trading on Monday . The company traded as low as $20.78 and last traded at $20.78. Approximately 39,082 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 206,710 shares. The stock had previously closed at $20.79.

Adams Diversified Equity Fund Trading Down 0.5 %

The company has a fifty day moving average price of $21.58 and a 200 day moving average price of $21.33.

Adams Diversified Equity Fund Dividend Announcement

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

Insider Buying and Selling 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 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 approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $935,000. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter worth approximately $1,642,000. RB Capital Management LLC boosted its stake in Adams Diversified Equity Fund by 1.7% during the 3rd quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock valued at $4,102,000 after purchasing an additional 3,227 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $62,000. Finally, Walleye Capital LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $721,000. 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.