Bensler LLC Raises Holdings in Adams Diversified Equity Fund, Inc. $ADX

Bensler LLC boosted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 7.8% during the third quarter, Holdings Channel.com reports. The fund owned 925,053 shares of the closed-end fund’s stock after purchasing an additional 67,197 shares during the quarter. Adams Diversified Equity Fund accounts for 2.1% of Bensler LLC’s holdings, making the stock its 11th largest holding. Bensler LLC’s holdings in Adams Diversified Equity Fund were worth $20,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ADX. Capstone Financial Advisors Inc. raised its holdings in shares of Adams Diversified Equity Fund by 1.2% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 41,601 shares of the closed-end fund’s stock worth $903,000 after purchasing an additional 485 shares during the period. Blue Trust Inc. increased its position in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Blue Trust Inc. now owns 26,846 shares of the closed-end fund’s stock worth $599,000 after purchasing an additional 550 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Adams Diversified Equity Fund by 5.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,475 shares of the closed-end fund’s stock valued at $256,000 after buying an additional 554 shares during the period. Accredited Investor Services LLC lifted its position in Adams Diversified Equity Fund by 3.9% during the second quarter. Accredited Investor Services LLC now owns 15,757 shares of the closed-end fund’s stock valued at $342,000 after buying an additional 593 shares in the last quarter. Finally, Uhlmann Price Securities LLC lifted its position in Adams Diversified Equity Fund by 1.9% during the second quarter. Uhlmann Price Securities LLC now owns 32,229 shares of the closed-end fund’s stock valued at $700,000 after buying an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Adams Diversified Equity Fund stock opened at $23.27 on Tuesday. The firm has a fifty day moving average of $23.06 and a 200-day moving average of $22.52. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, January 26th will be issued a $0.47 dividend. The ex-dividend date is Monday, January 26th. This represents a $1.88 annualized dividend and a yield of 8.1%. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.