Shaker Financial Services LLC Makes New $4.45 Million Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Shaker Financial Services LLC purchased a new position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 206,202 shares of the closed-end fund's stock, valued at approximately $4,446,000. Adams Diversified Equity Fund makes up 1.7% of Shaker Financial Services LLC's investment portfolio, making the stock its 17th largest holding. Shaker Financial Services LLC owned approximately 0.17% of Adams Diversified Equity Fund at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Adams Diversified Equity Fund by 5.0% in the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund's stock worth $286,000 after purchasing an additional 633 shares in the last quarter. Capital Market Strategies LLC increased its holdings in Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund's stock worth $521,000 after buying an additional 767 shares in the last quarter. Sage Capital Advisors llc raised its position in Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund's stock worth $548,000 after buying an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund's stock valued at $1,013,000 after acquiring an additional 950 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Adams Diversified Equity Fund by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund's stock valued at $1,660,000 after acquiring an additional 1,045 shares during the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the business's stock in a transaction on Friday, October 25th. The shares were 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the business's 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 $1,301,035.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Adams Diversified Equity Fund Stock Performance

Shares of ADX stock traded up $0.19 during trading hours on Thursday, reaching $22.49. The company had a trading volume of 242,111 shares, compared to its average volume of 193,165. The business has a fifty day moving average price of $21.44 and a 200-day moving average price of $21.00. Adams Diversified Equity Fund, Inc. has a one year low of $16.47 and a one year high of $22.58.

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.