Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.7% – Here’s Why

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) traded down 0.7% during trading on Tuesday . The company traded as low as $20.50 and last traded at $20.51. 75,914 shares changed hands during trading, a decline of 63% from the average session volume of 207,835 shares. The stock had previously closed at $20.66.

Adams Diversified Equity Fund Price Performance

The firm has a 50-day moving average price of $21.46 and a two-hundred day moving average price of $21.33.

Adams Diversified Equity Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 39.12%.

Insider Activity

In related news, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction on 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 directly owns 49,908 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the firm’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 purchase, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in shares of Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock worth $4,108,000 after buying an additional 26,936 shares during the period. Walleye Capital LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $721,000. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Adams Diversified Equity Fund by 12.2% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock worth $4,725,000 after purchasing an additional 23,971 shares during the last quarter. Providence Wealth Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth about $2,126,000. Finally, Wolverine Asset Management LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $655,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.