Bensler LLC Increases Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Bensler LLC raised its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 697,217 shares of the closed-end fund's stock after buying an additional 113,940 shares during the period. Adams Diversified Equity Fund comprises about 1.7% of Bensler LLC's investment portfolio, making the stock its 19th biggest position. Bensler LLC owned 0.56% of Adams Diversified Equity Fund worth $14,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund's stock worth $286,000 after acquiring an additional 633 shares in the last quarter. Sage Capital Advisors llc increased its holdings in shares of Adams Diversified Equity Fund by 3.6% in the third 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 period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Adams Diversified Equity Fund by 2.1% in 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 last quarter. Financial Counselors Inc. boosted its holdings in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Financial Counselors Inc. 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, Geneos Wealth Management Inc. grew its position in Adams Diversified Equity Fund by 45.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after acquiring an additional 1,029 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX traded down $0.05 during trading on Friday, reaching $20.48. 151,936 shares of the company traded hands, compared to its average volume of 356,389. Adams Diversified Equity Fund, Inc. has a 52-week low of $18.15 and a 52-week high of $22.63. The business's fifty day moving average is $20.56 and its 200-day moving average is $21.15.

Adams Diversified Equity Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend is Monday, January 27th.

About Adams Diversified Equity Fund

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.