Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Free Report) was down 0.6% during trading on Wednesday . The company traded as low as $20.37 and last traded at $20.40. Approximately 105,751 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 205,695 shares. The stock had previously closed at $20.52.
Adams Diversified Equity Fund Price Performance
The stock’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $21.28.
Adams Diversified Equity Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be paid a dividend of $1.96 per share. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 38.49%.
Insiders Place Their Bets
Institutional Trading of Adams Diversified Equity Fund
A number of large investors have recently made changes to their positions in ADX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $935,000. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter valued at $1,642,000. RB Capital Management LLC raised its stake in Adams Diversified Equity Fund by 1.7% in the third quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock valued at $4,102,000 after buying an additional 3,227 shares in the last quarter. LRI Investments LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $62,000. Finally, Walleye Capital LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $721,000. 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.
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