Adams Diversified Equity Fund (NYSE:ADX) Reaches New 1-Year High Following Dividend Announcement

Adams Diversified Equity Fund, Inc. (NYSE:ADX) hit a new 52-week high during trading on Friday after the company announced a dividend. The stock traded as high as $22.75 and last traded at $22.75, with a volume of 6278 shares traded. The stock had previously closed at $22.28.

The newly announced dividend which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. The ex-dividend date is Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 35.60%.

Adams Diversified Equity Fund Stock Performance

The company has a 50-day simple moving average of $21.64 and a 200-day simple moving average of $21.16.

Insider Activity at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired 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 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 filing with the SEC, which can be accessed through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the sale, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $45,000. Sunbelt Securities Inc. grew its position in shares of Adams Diversified Equity Fund by 23,200.0% in the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after purchasing an additional 2,552 shares during the period. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth about $62,000. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Adams Diversified Equity Fund during the 2nd quarter worth about $206,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.