Penserra Capital Management LLC Acquires 52,577 Shares of Adams Diversified Equity Fund, Inc. $ADX

Penserra Capital Management LLC grew its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,117 shares of the closed-end fund’s stock after acquiring an additional 52,577 shares during the period. Penserra Capital Management LLC owned 0.25% of Adams Diversified Equity Fund worth $6,581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ADX. Westfuller Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter worth $28,000. IFP Advisors Inc grew its holdings in Adams Diversified Equity Fund by 76.1% during the second quarter. IFP Advisors Inc now owns 1,620 shares of the closed-end fund’s stock valued at $35,000 after purchasing an additional 700 shares during the period. CWM LLC increased its position in Adams Diversified Equity Fund by 27.3% in the third quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock worth $80,000 after buying an additional 773 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Adams Diversified Equity Fund in the second quarter worth about $198,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $204,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 1.1%

Shares of NYSE:ADX opened at $22.72 on Friday. The stock has a 50 day moving average of $23.12 and a 200 day moving average of $22.59. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.50 and a 12-month high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, January 26th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.3%. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, January 26th.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.