Adams Diversified Equity Fund (NYSE:ADX) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.24 and traded as low as $20.16. Adams Diversified Equity Fund shares last traded at $20.30, with a volume of 205,016 shares.

Adams Diversified Equity Fund Trading Down 0.5 %

The firm’s fifty day simple moving average is $21.21 and its two-hundred day simple moving average is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, November 22nd were issued a $1.96 dividend. This represents a $7.84 annualized dividend and a yield of 38.81%. The ex-dividend date was Friday, November 22nd.

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 business’s stock in a transaction on Monday, October 28th. The shares were 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 in the company, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price 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. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund in the third quarter valued at $30,000. Rothschild Investment LLC purchased a new position in Adams Diversified Equity Fund in the 2nd quarter worth about $45,000. Sunbelt Securities Inc. raised its stake in shares of Adams Diversified Equity Fund by 23,200.0% during the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after acquiring an additional 2,552 shares in the last quarter. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at $62,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $238,000. Hedge funds and other 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.