Adams Diversified Equity Fund (NYSE:ADX) Trading Up 0.4% – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares shot up 0.4% on Monday . The stock traded as high as $20.67 and last traded at $20.51. 141,410 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 204,509 shares. The stock had previously closed at $20.42.

Adams Diversified Equity Fund Trading Down 0.7 %

The business has a 50 day simple moving average of $21.72 and a two-hundred day simple moving average of $21.29.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be given a dividend of $1.96 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.49%.

Insiders Place Their Bets

In other news, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction dated 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 approximately $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $45,000. Sunbelt Securities Inc. raised its holdings in shares of Adams Diversified Equity Fund by 23,200.0% during the 2nd 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 period. LRI Investments LLC acquired a new position in Adams Diversified Equity Fund during the 3rd quarter worth approximately $62,000. Finally, Great Valley Advisor Group Inc. acquired a new position in Adams Diversified Equity Fund during the 2nd quarter worth approximately $206,000. 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.