Advisors Asset Management Inc. Purchases 30,741 Shares of Adams Diversified Equity Fund, Inc. $ADX

Advisors Asset Management Inc. raised its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 8.8% in the third quarter, Holdings Channel reports. The institutional investor owned 380,023 shares of the closed-end fund’s stock after buying an additional 30,741 shares during the quarter. Advisors Asset Management Inc.’s holdings in Adams Diversified Equity Fund were worth $8,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. bought a new position in Adams Diversified Equity Fund in the 3rd quarter worth approximately $217,000. Oppenheimer & Co. Inc. raised its stake in Adams Diversified Equity Fund by 4.3% in the third quarter. Oppenheimer & Co. Inc. now owns 36,875 shares of the closed-end fund’s stock worth $822,000 after buying an additional 1,528 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 1.3% in the 3rd quarter. Waterfront Wealth Inc. now owns 446,423 shares of the closed-end fund’s stock valued at $10,110,000 after buying an additional 5,716 shares in the last quarter. Savant Capital LLC increased its position in shares of Adams Diversified Equity Fund by 107.2% during the third quarter. Savant Capital LLC now owns 37,675 shares of the closed-end fund’s stock worth $840,000 after purchasing an additional 19,494 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in Adams Diversified Equity Fund by 9.0% in the third quarter. J.W. Cole Advisors Inc. now owns 32,889 shares of the closed-end fund’s stock valued at $733,000 after buying an additional 2,722 shares during the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 0.7%

NYSE:ADX opened at $23.31 on Thursday. Adams Diversified Equity Fund, Inc. has a 12 month low of $16.50 and a 12 month high of $23.85. The firm has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $22.63.

Adams Diversified Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, January 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 8.1%.

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.