Adams Diversified Equity Fund, Inc. (NYSE:ADX) Position Boosted by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC boosted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,268 shares of the closed-end fund’s stock after buying an additional 1,241 shares during the quarter. MinichMacGregor Wealth Management LLC owned approximately 0.11% of Adams Diversified Equity Fund worth $2,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of Adams Diversified Equity Fund by 16.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock valued at $4,108,000 after acquiring an additional 26,936 shares during the last quarter. Walleye Capital LLC acquired a new position in Adams Diversified Equity Fund in the third quarter worth $721,000. Wolverine Asset Management LLC bought a new stake in Adams Diversified Equity Fund during the third quarter valued at $655,000. Shaker Financial Services LLC acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter worth $4,446,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $935,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Insider Transactions at Adams Diversified Equity Fund

In related 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 transaction of $208,335.00. Following the sale, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane Musser Nelson purchased 1,155 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.4 %

Shares of NYSE:ADX opened at $21.18 on Thursday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $22.63. The firm has a 50-day simple moving average of $20.75 and a 200 day simple moving average of $21.20.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 8.88%.

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.