Adams Diversified Equity Fund (NYSE:ADX) Sees Strong Trading Volume – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-strong trading volume on Monday . Approximately 237,992 shares traded hands during trading, an increase of 14% from the previous session’s volume of 209,311 shares.The stock last traded at $20.40 and had previously closed at $20.28.

Adams Diversified Equity Fund Stock Up 0.8 %

The business has a fifty day simple moving average of $21.37 and a two-hundred day simple moving average of $21.33.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, November 22nd were paid a dividend of $1.96 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 37.98%.

Insider Buying and Selling

In other news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the purchase, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ADX. Farther Finance Advisors LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter worth about $45,000. Sunbelt Securities Inc. boosted its position in 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 worth $55,000 after acquiring an additional 2,552 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $62,000. Finally, Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund during the third quarter worth about $238,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

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.