Adams Diversified Equity Fund (NYSE:ADX) Shares Pass Below 50 Day Moving Average – What’s Next?

by · The Cerbat Gem

Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.24 and traded as low as $20.16. Adams Diversified Equity Fund shares last traded at $20.30, with a volume of 205,016 shares traded.

Adams Diversified Equity Fund Stock Performance

The stock’s 50-day moving average is $21.21 and its 200 day moving average is $21.31.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd were issued 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 dividend yield of 38.81%.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now 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. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ADX. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at $30,000. Rothschild Investment LLC purchased a new position in Adams Diversified Equity Fund during the second quarter valued at $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, Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter valued at about $238,000. 28.41% of the stock is owned by institutional investors and hedge funds.

About Adams Diversified Equity Fund

(Get Free Report)

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.

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