Adams Diversified Equity Fund, Inc. $ADX Shares Acquired by Bensler LLC

Bensler LLC grew its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 987,718 shares of the closed-end fund’s stock after acquiring an additional 62,665 shares during the period. Adams Diversified Equity Fund accounts for about 2.3% of Bensler LLC’s investment portfolio, making the stock its 8th biggest position. Bensler LLC’s holdings in Adams Diversified Equity Fund were worth $23,034,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADX. Uniting Wealth Partners LLC boosted its position in shares of Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Uniting Wealth Partners LLC now owns 21,867 shares of the closed-end fund’s stock worth $488,000 after purchasing an additional 449 shares during the period. Blue Trust Inc. raised its position in Adams Diversified Equity Fund by 2.0% in the fourth quarter. Blue Trust Inc. now owns 27,386 shares of the closed-end fund’s stock valued at $639,000 after purchasing an additional 540 shares during the period. Quad Cities Investment Group LLC raised its position in Adams Diversified Equity Fund by 2.0% in the fourth quarter. Quad Cities Investment Group LLC now owns 27,924 shares of the closed-end fund’s stock valued at $651,000 after purchasing an additional 549 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in Adams Diversified Equity Fund by 5.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 11,475 shares of the closed-end fund’s stock worth $256,000 after purchasing an additional 554 shares in the last quarter. Finally, Uhlmann Price Securities LLC lifted its stake in Adams Diversified Equity Fund by 2.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 33,565 shares of the closed-end fund’s stock worth $783,000 after purchasing an additional 660 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Performance

ADX opened at $24.55 on Friday. Adams Diversified Equity Fund, Inc. has a 52 week low of $19.22 and a 52 week high of $24.74. The business has a fifty day simple moving average of $23.13 and a 200-day simple moving average of $23.11.

Adams Diversified Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, April 27th will be issued a dividend of $0.48 per share. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, April 27th. This represents a $1.92 dividend on an annualized basis and a yield of 7.8%.

Adams Diversified Equity Fund Company 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.