Advisors Asset Management Inc. Buys 26,936 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Advisors Asset Management Inc. increased its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. owned about 0.15% of Adams Diversified Equity Fund worth $4,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $30,000. Rothschild Investment LLC bought a new stake in Adams Diversified Equity Fund during the second quarter worth $45,000. Sunbelt Securities Inc. lifted its stake in Adams Diversified Equity Fund by 23,200.0% in the 2nd 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 last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $206,000. Finally, Founders Capital Management LLC bought a new position in Adams Diversified Equity Fund during the second quarter worth $225,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 0.3 %

Shares of NYSE ADX opened at $20.40 on Friday. The business’s 50 day moving average is $21.75 and its 200-day moving average is $21.26. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.84 and a 1-year high of $22.63.

Adams Diversified Equity Fund Announces Dividend

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

Insider Buying and Selling at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the sale, the director now directly owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

About Adams Diversified Equity Fund

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.