Wilmington Savings Fund Society FSB Takes $935,000 Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Wilmington Savings Fund Society FSB bought a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 43,377 shares of the closed-end fund’s stock, valued at approximately $935,000.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates lifted its stake in Adams Diversified Equity Fund by 10.8% during the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock worth $11,421,000 after purchasing an additional 51,599 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Adams Diversified Equity Fund by 38.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 142,694 shares of the closed-end fund’s stock worth $3,066,000 after buying an additional 39,861 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Adams Diversified Equity Fund by 1.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock valued at $12,080,000 after buying an additional 10,210 shares in the last quarter. Bensler LLC boosted its stake in Adams Diversified Equity Fund by 4.1% in the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock valued at $11,491,000 after buying an additional 20,929 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in Adams Diversified Equity Fund by 7.1% in the second quarter. Harbour Investments Inc. now owns 19,529 shares of the closed-end fund’s stock valued at $420,000 after acquiring an additional 1,295 shares during the period. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $20.49 on Friday. Adams Diversified Equity Fund, Inc. has a 52-week low of $17.18 and a 52-week high of $22.63. The business has a fifty day moving average of $21.52 and a two-hundred day moving average of $21.32.

Adams Diversified Equity Fund Dividend Announcement

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 issued a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a yield of 38.26%. The ex-dividend date of this dividend is Friday, November 22nd.

Adams Diversified Equity Fund 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.