Adams Diversified Equity Fund (NYSE:ADX) Trading 1% Higher – Should You Buy?

Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) were up 1% during trading on Wednesday . The company traded as high as $20.80 and last traded at $20.77. Approximately 56,027 shares changed hands during trading, a decline of 73% from the average daily volume of 206,770 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Trading Up 0.8 %

The business has a fifty day moving average price of $21.58 and a 200 day moving average price of $21.33.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. 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 37.82%.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the sale, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents 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 owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

Several large investors have recently modified their holdings of the business. World Investment Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $34,599,000. Bensler LLC lifted its position in shares of Adams Diversified Equity Fund by 9.1% during the third 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. lifted its position in shares of Adams Diversified Equity Fund by 1.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock worth $12,080,000 after purchasing an additional 10,210 shares during the last quarter. Raymond James & Associates lifted its position in shares of Adams Diversified Equity Fund by 10.8% during the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock worth $11,421,000 after purchasing an additional 51,599 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after purchasing an additional 398,729 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.