Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.2% – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares shot up 0.2% during trading on Monday . The stock traded as high as $20.69 and last traded at $20.61. 98,026 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 206,221 shares. The stock had previously closed at $20.57.

Adams Diversified Equity Fund Trading Up 0.3 %

The stock has a fifty day moving average of $21.66 and a two-hundred day moving average of $21.30.

Adams Diversified Equity Fund Dividend Announcement

The business 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. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.00%.

Insider Transactions at Adams Diversified Equity Fund

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADX. Farther Finance Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC acquired a new stake in Adams Diversified Equity Fund in the second quarter worth $45,000. Sunbelt Securities Inc. lifted its stake in Adams Diversified Equity Fund by 23,200.0% in the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after buying an additional 2,552 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter valued at $62,000. Finally, Great Valley Advisor Group Inc. bought a new position in shares of Adams Diversified Equity Fund in the second quarter worth $206,000. 28.41% of the stock is currently owned by 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.