Adams Diversified Equity Fund (NYSE:ADX) Trading 0.2% Higher – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $20.50 and last traded at $20.49. Approximately 68,195 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 205,083 shares. The stock had previously closed at $20.44.

Adams Diversified Equity Fund Trading Up 0.2 %

The company’s 50-day moving average is $21.73 and its 200 day moving average is $21.29.

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 given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.28%. The ex-dividend date is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now owns 4,982 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. Also, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction that occurred 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 $1,301,035.20. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Hedge funds have recently modified their holdings of the business. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $34,599,000. Bensler LLC raised its stake in Adams Diversified Equity Fund by 9.1% during 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 during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Adams Diversified Equity Fund by 1.8% in the 2nd 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 purchasing an additional 10,210 shares during the last quarter. Raymond James & Associates boosted its holdings in Adams Diversified Equity Fund by 10.8% in the 2nd quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after purchasing an additional 51,599 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its stake 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 valued at $8,905,000 after buying an additional 398,729 shares during the period. 28.41% of the stock is currently 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.