Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% – Here’s What Happened

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price traded down 0.7% on Thursday . The stock traded as low as $20.24 and last traded at $20.37. 424,982 shares were traded during trading, an increase of 105% from the average session volume of 207,173 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Stock Down 0.7 %

The business has a fifty day moving average of $21.70 and a 200-day moving average of $21.29.

Adams Diversified Equity Fund Announces Dividend

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

Insider Activity

In related news, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the transaction, the director now owns 59,408 shares of the company’s stock, valued at $1,301,035.20. The trade was a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at approximately $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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth about $30,000. Rothschild Investment LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter valued at $45,000. Sunbelt Securities Inc. grew 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. LRI Investments LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $206,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.