Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0.2% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price traded up 0.2% during trading on Tuesday . The stock traded as high as $20.50 and last traded at $20.49. 68,195 shares were traded during mid-day trading, a decline of 67% from the average session volume of 205,083 shares. The stock had previously closed at $20.44.

Adams Diversified Equity Fund Stock Up 0.2 %

The company has a 50 day moving average price of $21.73 and a 200 day moving average price of $21.29.

Adams Diversified Equity Fund Announces Dividend

The business also recently announced 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. This represents a $7.84 annualized dividend and a yield of 38.28%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In other news, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction dated 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 $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth approximately $34,599,000. Landscape Capital Management L.L.C. increased its position in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd 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 purchasing an additional 398,729 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $4,446,000. Cetera Investment Advisers purchased a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth $2,679,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth $2,336,000. 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.