Adams Diversified Equity Fund (NYSE:ADX) Trading 0.2% Higher – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $20.79 and last traded at $20.74. Approximately 42,271 shares were traded during trading, a decline of 80% from the average daily volume of 206,678 shares. The stock had previously closed at $20.70.

Adams Diversified Equity Fund Trading Up 0.0 %

The firm 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a dividend yield of 37.86%. The ex-dividend date is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson acquired 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the sale, the director now owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several large investors have recently bought and sold shares of ADX. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the third quarter valued at about $34,599,000. Landscape Capital Management L.L.C. raised its position in Adams Diversified Equity Fund by 2,789.5% in the third 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 purchasing an additional 398,729 shares during the last quarter. Shaker Financial Services LLC bought a new position in Adams Diversified Equity Fund in the third quarter valued at about $4,446,000. Sanctuary Advisors LLC bought a new position in Adams Diversified Equity Fund in the second quarter valued at about $2,336,000. Finally, Thrivent Financial for Lutherans bought a new position in Adams Diversified Equity Fund in the second quarter valued at about $2,133,000. 28.41% of the stock is currently owned by institutional investors.

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.