Adams Diversified Equity Fund (NYSE:ADX) Stock Price Up 0% – What’s Next?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shot up 0% during trading on Friday . The stock traded as high as $20.78 and last traded at $20.57. 39,012 shares were traded during mid-day trading, a decline of 81% from the average session volume of 206,823 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Stock Performance

The stock has a 50 day moving average of $21.54 and a 200-day moving average of $21.32.

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 paid a $1.96 dividend. 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 38.28%.

Insider Activity

In related news, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederic A. Escherich sold 4,833 shares of Adams Diversified Equity Fund stock in a transaction on 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 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.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Adams Diversified Equity Fund by 1.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 412,311 shares of the closed-end fund’s stock worth $8,861,000 after buying an additional 4,773 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter worth $206,000. Raymond James & Associates raised its stake in 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 buying an additional 51,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Adams Diversified Equity Fund by 38.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 142,694 shares of the closed-end fund’s stock worth $3,066,000 after acquiring an additional 39,861 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings 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 valued at $12,080,000 after acquiring an additional 10,210 shares in the last quarter. 28.41% of the stock is owned by institutional investors.

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.