Question: Why did ADX fell on 11/19/2021?

Discussion in 'Stock Market Today' started by thomagr, Dec 26, 2021.

  1. thomagr

    thomagr New Member

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    Looking at ADX (Adams Diversified Equity Fund), they took a massive deep on November 19th, 2021.

    I have tried to understand what happened in the News, but nothing seems to explain. All I could find is an ex-dividend date (which actually exceeded expectations), is that the reason?

    Does anyone have any thoughts?

    Here is a screenshot of the stock: https://www.tradingview.com/x/zuV6WIuW/

    [​IMG]

    Thanks

    - Thomas
     
    #1 thomagr, Dec 26, 2021
    Last edited: Dec 26, 2021
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The dividend.
    On 11/19/21 it went ex-div, paying a dividend of $2.83 and falling $2.88 from previous day's close. It looks like every year they do a special dividend in November.
     
  3. thomagr

    thomagr New Member

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    @anotherdevilsadvocate, thank for your answer. Just to clarify, is it only the effect of the dividends paid on book value?
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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