Adams Diversified Equity Fund (NYSE:ADX) Sees Unusually-High Trading Volume – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-strong trading volume on Monday . Approximately 237,992 shares traded hands during trading, an increase of 14% from the previous session’s volume of 209,311 shares.The stock last traded at $20.40 and had previously closed at $20.28.

Adams Diversified Equity Fund Trading Up 0.8 %

The business has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $21.33.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared 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 38.36%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several large investors have recently added to or reduced their stakes in ADX. World Investment Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $34,599,000. Bensler LLC increased its holdings in shares of 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 buying an additional 48,581 shares in the last quarter. Raymond James & Associates raised its stake in shares of Adams Diversified Equity Fund by 10.8% in the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after acquiring an additional 51,599 shares during the last quarter. Landscape Capital Management L.L.C. boosted 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 in the last quarter. Finally, Waterfront Wealth Inc. grew its position in Adams Diversified Equity Fund by 1.7% during the 2nd quarter. Waterfront Wealth Inc. now owns 386,572 shares of the closed-end fund’s stock worth $8,307,000 after acquiring an additional 6,422 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.