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

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) traded down 0% during mid-day trading on Thursday . The company traded as low as $20.70 and last traded at $20.72. 69,269 shares were traded during trading, a decline of 67% from the average session volume of 206,878 shares. The stock had previously closed at $20.73.

Adams Diversified Equity Fund Price Performance

The company’s 50-day moving average is $21.52 and its 200 day moving average is $21.32.

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 issued a $1.96 dividend. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.26%.

Insider Transactions at Adams Diversified Equity Fund

In other news, 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 completion of the sale, the director now directly owns 59,408 shares of the company’s stock, valued at $1,301,035.20. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now directly owns 4,982 shares of the company’s stock, valued at $108,059.58. This represents 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 insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently modified their holdings of ADX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth $935,000. World Investment Advisors LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $1,642,000. RB Capital Management LLC raised its stake in shares of 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 worth $4,102,000 after purchasing an additional 3,227 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Finally, Walleye Capital LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $721,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

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.