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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) rose 0.2% during trading on Tuesday . The stock traded as high as $20.50 and last traded at $20.49. Approximately 68,195 shares were traded 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 Stock Down 0.7 %

The company’s 50 day moving average is $21.70 and its 200 day moving average is $21.29.

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 given a dividend of $1.96 per share. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.49%.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction dated 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 owns 49,908 shares in the company, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction dated Thursday, October 31st. The stock was acquired 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 approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in Adams Diversified Equity Fund during the third quarter worth $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter valued at $45,000. Sunbelt Securities Inc. increased its position in Adams Diversified Equity Fund by 23,200.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after purchasing an additional 2,552 shares in the last quarter. LRI Investments LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at about $62,000. Finally, Great Valley Advisor Group Inc. purchased a new position in Adams Diversified Equity Fund in the 2nd quarter valued at about $206,000. 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.