Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0.9% – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares fell 0.9% on Wednesday . The stock traded as low as $22.26 and last traded at $22.33. 167,422 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 197,471 shares. The stock had previously closed at $22.53.

Adams Diversified Equity Fund Stock Up 0.6 %

The company’s 50 day simple moving average is $21.76 and its two-hundred day simple moving average is $21.25.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 34.95%.

Insider Buying and Selling

In related news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost 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 trade represents a 30.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning grew its stake in Adams Diversified Equity Fund by 5.0% during the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after purchasing an additional 633 shares during the last quarter. Capital Market Strategies LLC lifted its holdings in shares of Adams Diversified Equity Fund by 3.3% during the second quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock worth $521,000 after purchasing an additional 767 shares during the period. Sage Capital Advisors llc raised its position in Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after buying an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 950 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 2.1% in the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

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.