Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.2% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares were up 0.2% during mid-day trading on Wednesday . The company traded as high as $20.63 and last traded at $20.62. Approximately 69,701 shares traded hands during trading, a decline of 66% from the average daily volume of 207,678 shares. The stock had previously closed at $20.58.

Adams Diversified Equity Fund Stock Performance

The firm has a 50-day moving average price of $21.49 and a two-hundred day moving average price of $21.34.

Adams Diversified Equity Fund Dividend Announcement

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 38.23%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Buying and Selling

In related news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the transaction, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of large investors have recently bought and sold shares of the business. Creative Planning raised its stake in Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock worth $286,000 after purchasing an additional 633 shares during the period. Sage Capital Advisors llc boosted its holdings in Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock valued at $548,000 after acquiring an additional 885 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Adams Diversified Equity Fund by 2.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares during the period. Financial Counselors Inc. lifted its position in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Adams Diversified Equity Fund by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock valued at $1,660,000 after purchasing an additional 1,045 shares during the period. Institutional investors and hedge funds own 28.41% of the company’s stock.

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.