Adams Diversified Equity Fund (NYSE:ADX) Trading 0.4% Higher – Still a Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares rose 0.4% during mid-day trading on Monday . The stock traded as high as $20.67 and last traded at $20.51. Approximately 141,410 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 204,509 shares. The stock had previously closed at $20.42.

Adams Diversified Equity Fund Stock Up 0.1 %

The business has a fifty day moving average price of $21.75 and a 200 day moving average price of $21.28.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a yield of 38.36%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the transaction, the director now directly owns 59,408 shares in the company, valued at $1,301,035.20. This represents a 7.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several large investors have recently made changes to their positions in ADX. Farther Finance Advisors LLC bought a new stake in Adams Diversified Equity Fund during the third quarter worth $30,000. Rothschild Investment LLC bought a new position in Adams Diversified Equity Fund during the second quarter worth about $45,000. Sunbelt Securities Inc. increased its position in 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 worth $55,000 after buying an additional 2,552 shares during the last quarter. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $62,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $206,000. Institutional investors and hedge funds 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.