Advisors Asset Management Inc. Acquires 30,741 Shares of Adams Diversified Equity Fund, Inc. $ADX

Advisors Asset Management Inc. lifted its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380,023 shares of the closed-end fund’s stock after acquiring an additional 30,741 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.32% of Adams Diversified Equity Fund worth $8,475,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ADX. Shaker Financial Services LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth $5,286,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $1,552,000. Bensler LLC boosted its stake in shares of Adams Diversified Equity Fund by 8.9% in the 2nd quarter. Bensler LLC now owns 857,856 shares of the closed-end fund’s stock valued at $18,624,000 after purchasing an additional 70,344 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Adams Diversified Equity Fund by 21.7% in the third quarter. Penserra Capital Management LLC now owns 295,117 shares of the closed-end fund’s stock worth $6,581,000 after purchasing an additional 52,577 shares in the last quarter. Finally, Midwest Trust Co bought a new position in Adams Diversified Equity Fund during the second quarter worth $964,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 0.7%

ADX stock opened at $23.31 on Thursday. The business has a 50-day simple moving average of $23.15 and a two-hundred day simple moving average of $22.63. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, January 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, January 26th. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.1%.

Adams Diversified Equity Fund Company 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.