World Investment Advisors LLC Invests $34.60 Million in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

World Investment Advisors LLC acquired a new position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,604,777 shares of the closed-end fund's stock, valued at approximately $34,599,000. World Investment Advisors LLC owned about 1.29% of Adams Diversified Equity Fund as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ADX. Advisors Asset Management Inc. boosted its holdings in Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund's stock valued at $4,108,000 after acquiring an additional 26,936 shares during the period. Cetera Investment Advisers bought a new stake in Adams Diversified Equity Fund in the first quarter valued at approximately $2,679,000. Prevail Innovative Wealth Advisors LLC increased its stake in shares of Adams Diversified Equity Fund by 12.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock worth $4,725,000 after buying an additional 23,971 shares during the period. Providence Wealth Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the second quarter valued at about $2,126,000. Finally, Wolverine Asset Management LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter valued at approximately $655,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock traded up $0.06 during trading hours on Friday, reaching $20.79. The company's stock had a trading volume of 187,602 shares, compared to its average volume of 352,923. Adams Diversified Equity Fund, Inc. has a one year low of $16.98 and a one year high of $22.63. The firm's fifty day simple moving average is $21.60 and its 200 day simple moving average is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a $1.96 dividend. The ex-dividend date is Friday, November 22nd. This represents a $7.84 annualized dividend and a dividend yield of 37.71%.

Insider Activity

In other news, Director Frederic A. Escherich sold 4,833 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the transaction, the director now owns 59,408 shares in the company, valued at $1,301,035.20. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now directly owns 4,982 shares of the company's stock, valued at $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company's stock.

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.