Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.6% – Here’s Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX) 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

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were acquired at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

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.