Adams Diversified Equity Fund (NYSE:ADX) Trading 0.9% Higher – Still a Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares rose 0.9% during trading on Friday . The stock traded as high as $20.56 and last traded at $20.55. Approximately 51,067 shares changed hands during trading, a decline of 75% from the average daily volume of 206,456 shares. The stock had previously closed at $20.37.

Adams Diversified Equity Fund Stock Up 1.0 %

The company has a 50 day moving average of $21.66 and a 200 day moving average of $21.30.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.11%.

Insider Activity at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was bought 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 directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the sale, the director now owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Institutional Trading of Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADX. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $34,599,000. Bensler LLC grew its position in Adams Diversified Equity Fund by 9.1% in the 3rd quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after acquiring an additional 48,581 shares in 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 in the last quarter. Raymond James & Associates boosted its stake in shares of Adams Diversified Equity Fund by 10.8% in the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after purchasing an additional 51,599 shares during the period. Finally, Landscape Capital Management L.L.C. grew its holdings in shares of Adams Diversified Equity Fund by 2,789.5% in the third 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 in 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.