Wilmington Savings Fund Society FSB Makes New $935,000 Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,377 shares of the closed-end fund’s stock, valued at approximately $935,000.

A number of other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after purchasing an additional 633 shares during the last quarter. Sage Capital Advisors llc grew its stake in Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock valued at $548,000 after buying an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Adams Diversified Equity Fund by 2.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after acquiring an additional 950 shares during the period. Financial Counselors Inc. lifted its position in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after acquiring an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Adams Diversified Equity Fund by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock valued at $1,660,000 after acquiring an additional 1,045 shares during the period. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Stock Down 0.3 %

Shares of NYSE:ADX opened at $20.49 on Friday. The stock’s 50-day moving average is $21.52 and its 200-day moving average is $21.32. Adams Diversified Equity Fund, Inc. has a 52-week low of $17.18 and a 52-week high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a $1.96 dividend. This represents a $7.84 annualized dividend and a yield of 38.26%. The ex-dividend date is Friday, November 22nd.

Insiders Place Their Bets

In related news, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the transaction, the director now owns 59,408 shares in the company, valued at $1,301,035.20. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

About Adams Diversified Equity Fund

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.