Bensler LLC Increases Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Bensler LLC raised its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 697,217 shares of the closed-end fund’s stock after purchasing an additional 113,940 shares during the quarter. Adams Diversified Equity Fund accounts for about 1.7% of Bensler LLC’s holdings, making the stock its 19th biggest position. Bensler LLC owned approximately 0.56% of Adams Diversified Equity Fund worth $14,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ADX. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at approximately $34,599,000. Landscape Capital Management L.L.C. lifted its position in shares of Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after acquiring an additional 398,729 shares during the period. Shaker Financial Services LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at approximately $4,446,000. Sanctuary Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at approximately $2,336,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at approximately $2,133,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 3.9 %

ADX stock opened at $20.45 on Tuesday. The firm has a 50 day moving average of $20.72 and a 200-day moving average of $21.18. Adams Diversified Equity Fund, Inc. has a 12-month low of $18.15 and a 12-month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 9.19%.

Insider Activity

In related news, Director Jane Musser Nelson acquired 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

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.