Adams Diversified Equity Fund (NYSE:ADX) Sees Strong Trading Volume – Here’s Why

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-high trading volume on Monday . Approximately 157,670 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 193,971 shares.The stock last traded at $22.33 and had previously closed at $22.02.

Adams Diversified Equity Fund Stock Performance

The business has a 50 day moving average of $21.71 and a two-hundred day moving average of $21.24.

Adams Diversified Equity Fund Announces Dividend

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 given a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a dividend yield of 34.80%. The ex-dividend date is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the 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 sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of hedge funds have recently modified their holdings of ADX. Lazard Asset Management LLC increased its holdings in shares of Adams Diversified Equity Fund by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after purchasing an additional 279,285 shares in the last quarter. ARQ Wealth Advisors LLC grew its position in shares of Adams Diversified Equity Fund by 7.9% during the 1st quarter. ARQ Wealth Advisors LLC now owns 64,811 shares of the closed-end fund’s stock valued at $1,265,000 after acquiring an additional 4,752 shares during the period. Cetera Investment Advisers acquired a new position in Adams Diversified Equity Fund in the 1st quarter worth about $2,679,000. Cetera Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the first quarter valued at approximately $470,000. Finally, Capital Market Strategies LLC grew its stake in Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock valued at $521,000 after acquiring an additional 767 shares during the period. 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.