Adams Diversified Equity Fund (NYSE:ADX) Shares Up 0.5% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price rose 0.5% during mid-day trading on Monday . The stock traded as high as $20.69 and last traded at $20.59. Approximately 62,422 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 207,321 shares. The stock had previously closed at $20.49.

Adams Diversified Equity Fund Stock Performance

The stock has a 50-day simple moving average of $21.49 and a 200 day simple moving average of $21.34.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a dividend yield of 39.10%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s 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 in the company, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

Several large investors have recently added to or reduced their stakes in ADX. World Investment Advisors LLC bought a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $34,599,000. Bensler LLC raised its position in shares of Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after purchasing an additional 48,581 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Adams Diversified Equity Fund by 1.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock worth $12,080,000 after buying an additional 10,210 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Adams Diversified Equity Fund by 10.8% during the 2nd quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock worth $11,421,000 after buying an additional 51,599 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after buying an additional 398,729 shares during the period. 28.41% of the stock is owned by institutional investors.

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.