Hennion & Walsh Asset Management Inc. Has $4.40 Million Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,882 shares of the closed-end fund's stock after purchasing an additional 34,691 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.18% of Adams Diversified Equity Fund worth $4,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $30,000. Sunbelt Securities Inc. grew its position in Adams Diversified Equity Fund by 23,200.0% in the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund's stock worth $55,000 after acquiring an additional 2,552 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth $62,000. Kingsview Wealth Management LLC bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $238,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $248,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jane Musser Nelson purchased 1,155 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the acquisition, the director now directly owns 4,982 shares of the company's stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This represents 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 currently owned by insiders.

Adams Diversified Equity Fund Trading Up 0.4 %

NYSE:ADX traded up $0.08 during trading hours on Thursday, reaching $20.70. The company's stock had a trading volume of 261,558 shares, compared to its average volume of 353,446. Adams Diversified Equity Fund, Inc. has a one year low of $17.40 and a one year high of $22.63. The business's 50-day moving average is $20.90 and its 200-day moving average is $21.23.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd were issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.88%. The ex-dividend date was 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.