Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.3% – Should You Buy?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) were up 0.3% during trading on Thursday . The company traded as high as $22.53 and last traded at $22.36. Approximately 351,323 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 200,158 shares. The stock had previously closed at $22.30.

Adams Diversified Equity Fund Price Performance

The business’s 50 day moving average is $21.74 and its 200 day moving average is $21.24.

Adams Diversified Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a yield of 35.03%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling

In other news, Director Jane Musser Nelson bought 1,155 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost 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 trade represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Institutional Trading of Adams Diversified Equity Fund

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in Adams Diversified Equity Fund by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock worth $85,926,000 after purchasing an additional 279,285 shares during the last quarter. ARQ Wealth Advisors LLC boosted its position in Adams Diversified Equity Fund by 7.9% during the first quarter. ARQ Wealth Advisors LLC now owns 64,811 shares of the closed-end fund’s stock worth $1,265,000 after acquiring an additional 4,752 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Adams Diversified Equity Fund during the 1st quarter valued at about $2,679,000. Cetera Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 1st quarter valued at about $470,000. Finally, Capital Market Strategies LLC lifted its stake in Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock worth $521,000 after purchasing an additional 767 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

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.