Adams Diversified Equity Fund (NYSE:ADX) Trading Up 0.2% – Time to Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was up 0.2% during trading on Tuesday . The stock traded as high as $20.79 and last traded at $20.74. Approximately 42,271 shares traded hands during trading, a decline of 80% from the average daily volume of 206,678 shares. The stock had previously closed at $20.70.

Adams Diversified Equity Fund Stock Performance

The firm has a 50 day moving average of $21.58 and a 200 day moving average of $21.33.

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 paid a dividend of $1.96 per share. The ex-dividend date is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 37.86%.

Insider Buying and Selling

In other news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund 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 purchase, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic A. Escherich sold 4,833 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the sale, the director now directly owns 59,408 shares of the company’s stock, valued at $1,301,035.20. This trade represents a 7.52 % decrease in their position. 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

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $30,000. Rothschild Investment LLC purchased a new position in shares of Adams Diversified Equity Fund during the second quarter valued at approximately $45,000. Sunbelt Securities Inc. boosted its position in shares of Adams Diversified Equity Fund by 23,200.0% during the second 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 last quarter. LRI Investments LLC purchased a new position in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $62,000. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of Adams Diversified Equity Fund during the second quarter valued at 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.