Penserra Capital Management LLC Acquires 52,577 Shares of Adams Diversified Equity Fund, Inc. $ADX

Penserra Capital Management LLC lifted its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 21.7% in the third quarter, HoldingsChannel.com reports. The fund owned 295,117 shares of the closed-end fund’s stock after buying an additional 52,577 shares during the quarter. Penserra Capital Management LLC’s holdings in Adams Diversified Equity Fund were worth $6,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Adams Diversified Equity Fund by 45.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 86,064 shares of the closed-end fund’s stock valued at $1,903,000 after purchasing an additional 27,039 shares during the period. Prostatis Group LLC grew its holdings in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Prostatis Group LLC now owns 33,566 shares of the closed-end fund’s stock valued at $749,000 after buying an additional 688 shares in the last quarter. Bensler LLC grew its holdings in Adams Diversified Equity Fund by 7.8% during the 3rd quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock valued at $20,629,000 after buying an additional 67,197 shares in the last quarter. Westfuller Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $28,000. Finally, GatePass Capital LLC lifted its holdings in shares of Adams Diversified Equity Fund by 5.8% in the third quarter. GatePass Capital LLC now owns 298,380 shares of the closed-end fund’s stock worth $6,654,000 after buying an additional 16,250 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX opened at $22.72 on Friday. The firm has a fifty day moving average price of $23.12 and a 200 day moving average price of $22.59. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, January 26th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, January 26th. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.3%.

Adams Diversified Equity Fund Profile

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.