Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,638 shares of the closed-end fund’s stock after acquiring an additional 4,389 shares during the quarter. Park Avenue Securities LLC’s holdings in Adams Diversified Equity Fund were worth $397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in Adams Diversified Equity Fund during the third quarter worth about $30,000. Sunbelt Securities Inc. grew its position 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 worth $55,000 after buying an additional 2,552 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter worth $62,000. Kingsview Wealth Management LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $238,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $248,000. Institutional investors own 28.41% of the company’s stock.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the purchase, the director now directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the transaction, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

NYSE ADX opened at $21.29 on Friday. Adams Diversified Equity Fund, Inc. has a 1 year low of $18.12 and a 1 year high of $22.63. The stock’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $21.20.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend is Monday, January 27th.

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.