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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw unusually-high trading volume on Monday . Approximately 237,992 shares traded hands during trading, an increase of 14% from the previous session’s volume of 209,311 shares.The stock last traded at $20.40 and had previously closed at $20.28.

Adams Diversified Equity Fund Stock Up 0.8 %

The stock’s 50 day moving average price is $21.37 and its 200 day moving average price is $21.33.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd were given a $1.96 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 37.98%.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 4,833 shares of the 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 transaction, the director now owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. The trade was 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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. increased its stake in Adams Diversified Equity Fund by 7.1% during the 2nd quarter. Harbour Investments Inc. now owns 19,529 shares of the closed-end fund’s stock valued at $420,000 after buying an additional 1,295 shares during the period. Lee Danner & Bass Inc. acquired a new position in Adams Diversified Equity Fund in the 2nd quarter worth approximately $537,000. Rothschild Investment LLC purchased a new position in shares of Adams Diversified Equity Fund during the second quarter valued at $45,000. Concurrent Investment Advisors LLC lifted its position in shares of Adams Diversified Equity Fund by 12.7% in the second quarter. Concurrent Investment Advisors LLC now owns 27,204 shares of the closed-end fund’s stock worth $585,000 after purchasing an additional 3,062 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Adams Diversified Equity Fund by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock worth $1,660,000 after acquiring an additional 1,045 shares during the last quarter. 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.