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

Wilmington Savings Fund Society FSB purchased a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 43,377 shares of the closed-end fund's stock, valued at approximately $935,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $45,000. Sunbelt Securities Inc. grew its position in shares of 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 valued at $55,000 after purchasing an additional 2,552 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $62,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $238,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Down 0.3 %

ADX traded down $0.07 during midday trading on Friday, reaching $20.49. 319,180 shares of the company's stock were exchanged, compared to its average volume of 208,013. Adams Diversified Equity Fund, Inc. has a one year low of $17.18 and a one year high of $22.63. The business has a 50-day simple moving average of $21.52 and a two-hundred day simple moving average of $21.32.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.26%. The ex-dividend date is Friday, November 22nd.

Insider Activity

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction 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 sale, the director now directly owns 49,908 shares of the company's stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.