Bensler LLC Grows Position in Adams Diversified Equity Fund, Inc. $ADX

Bensler LLC grew its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 925,053 shares of the closed-end fund’s stock after acquiring an additional 67,197 shares during the quarter. Adams Diversified Equity Fund comprises approximately 2.1% of Bensler LLC’s portfolio, making the stock its 11th biggest holding. Bensler LLC owned approximately 0.79% of Adams Diversified Equity Fund worth $20,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ADX. Shaker Financial Services LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter worth approximately $5,286,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter worth $1,552,000. Means Investment CO. Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at $1,551,000. Midwest Trust Co acquired a new position in Adams Diversified Equity Fund in the second quarter valued at $964,000. Finally, West Bancorporation Inc. purchased a new position in Adams Diversified Equity Fund during the third quarter worth about $805,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

ADX opened at $23.27 on Tuesday. Adams Diversified Equity Fund, Inc. has a 12 month low of $16.50 and a 12 month high of $23.85. The business has a 50-day moving average of $23.06 and a two-hundred day moving average of $22.52.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, January 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 8.1%. This is a positive change 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.