World Investment Advisors LLC Invests $1.64 Million in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

World Investment Advisors LLC purchased a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 76,141 shares of the closed-end fund's stock, valued at approximately $1,642,000. World Investment Advisors LLC owned approximately 0.06% of Adams Diversified Equity Fund as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ADX. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $30,000. Rothschild Investment LLC bought a new stake in Adams Diversified Equity Fund during the second quarter worth $45,000. Sunbelt Securities Inc. boosted its stake 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 valued at $55,000 after acquiring an additional 2,552 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $62,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $238,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock traded down $0.07 during trading hours on Friday, reaching $20.49. The stock had a trading volume of 319,180 shares, compared to its average volume of 208,013. The stock's fifty day simple moving average is $21.52 and its 200 day simple moving average is $21.32. Adams Diversified Equity Fund, Inc. has a 12 month low of $17.18 and a 12 month high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

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

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 in the company, valued at $1,094,482.44. This trade 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 corporate insiders.

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.