Adams Diversified Equity Fund (NYSE:ADX) Sees Unusually-High Trading Volume

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-strong trading volume on Wednesday . Approximately 254,663 shares were traded during trading, an increase of 36% from the previous session’s volume of 187,798 shares.The stock last traded at $20.95 and had previously closed at $20.91.

Adams Diversified Equity Fund Stock Performance

The company has a 50 day simple moving average of $21.35 and a 200 day simple moving average of $20.26.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 8.44%. The ex-dividend date was Monday, August 5th.

Institutional Trading of Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADX. Rothschild Investment LLC purchased a new stake in Adams Diversified Equity Fund during the 2nd quarter valued at approximately $45,000. Scarborough Advisors LLC acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth approximately $50,000. 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 during the period. Tradewinds Capital Management LLC acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $173,000. Finally, Cullen Investment Group LTD. acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $194,000. 28.41% of the stock is 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.