Adams Diversified Equity Fund (NYSE:ADX) Stock Price Down 0.1% – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price dropped 0.1% on Tuesday . The company traded as low as $20.57 and last traded at $20.66. Approximately 72,542 shares were traded during trading, a decline of 65% from the average daily volume of 206,139 shares. The stock had previously closed at $20.68.

Adams Diversified Equity Fund Stock Up 0.3 %

The stock’s fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a yield of 37.82%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In related news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the transaction, the director now owns 49,908 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several hedge funds have recently modified their holdings of the stock. World Investment Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $34,599,000. Bensler LLC increased 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 acquiring an additional 48,581 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased 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 acquiring an additional 10,210 shares during the last quarter. Raymond James & Associates increased 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 acquiring an additional 51,599 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased 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 acquiring an additional 398,729 shares during the last quarter. 28.41% of the stock is currently 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.