Advisors Asset Management Inc. Grows Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Advisors Asset Management Inc. increased its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 16.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,537 shares of the closed-end fund’s stock after acquiring an additional 26,936 shares during the quarter. Advisors Asset Management Inc.’s holdings in Adams Diversified Equity Fund were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Creative Planning increased its holdings in shares of Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after acquiring an additional 633 shares in the last quarter. Capital Market Strategies LLC boosted its holdings in Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock worth $521,000 after buying an additional 767 shares during the period. Sage Capital Advisors llc lifted its holdings in Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after purchasing an additional 885 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after purchasing an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Adams Diversified Equity Fund by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock valued at $1,660,000 after buying an additional 1,045 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now owns 49,908 shares in the company, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane Musser Nelson acquired 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now directly 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 disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Adams Diversified Equity Fund Trading Down 0.3 %

ADX stock opened at $20.40 on Friday. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.84 and a 52 week high of $22.63. The company has a fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $21.26.

Adams Diversified Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.43%. The ex-dividend date of this dividend is Friday, November 22nd.

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.