Advisors Asset Management Inc. Boosts Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Advisors Asset Management Inc. boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,537 shares of the closed-end fund's stock after buying an additional 26,936 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.15% of Adams Diversified Equity Fund worth $4,108,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADX. Lazard Asset Management LLC raised its holdings in Adams Diversified Equity Fund by 6.8% in the 1st quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund's stock worth $85,926,000 after purchasing an additional 279,285 shares during the period. ARQ Wealth Advisors LLC grew its stake in Adams Diversified Equity Fund by 7.9% in the 1st quarter. ARQ Wealth Advisors LLC now owns 64,811 shares of the closed-end fund's stock valued at $1,265,000 after acquiring an additional 4,752 shares during the period. Cetera Investment Advisers purchased a new stake in Adams Diversified Equity Fund in the 1st quarter worth $2,679,000. Cetera Advisors LLC acquired a new position in Adams Diversified Equity Fund during the first quarter worth $470,000. Finally, Capital Market Strategies LLC lifted its holdings in Adams Diversified Equity Fund by 3.3% during the second quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund's stock valued at $521,000 after purchasing an additional 767 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Insiders Place Their Bets

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

Adams Diversified Equity Fund Stock Down 0.2 %

Shares of NYSE ADX traded down $0.05 during trading on Friday, hitting $20.42. The company had a trading volume of 679,224 shares, compared to its average volume of 328,504. The stock has a fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $21.26. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.84 and a fifty-two week high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a $1.96 dividend. This represents a $7.84 annualized dividend and a yield of 38.39%. The ex-dividend date of this dividend is Friday, November 22nd.

Adams Diversified Equity Fund Company 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.