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

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price fell 0.6% on Wednesday . The company traded as low as $20.37 and last traded at $20.40. 105,751 shares were traded during mid-day trading, a decline of 49% from the average session volume of 205,695 shares. The stock had previously closed at $20.52.

Adams Diversified Equity Fund Stock Down 0.7 %

The stock’s 50 day moving average price is $21.68 and its two-hundred day moving average price is $21.28.

Adams Diversified Equity Fund Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 38.49%. The ex-dividend date is Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund 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 transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. The trade was 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 currently owned by insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

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