Frederic A. Escherich Sells 4,248 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock

Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Rating) Director Frederic A. Escherich sold 4,248 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $15.31, for a total value of $65,036.88. Following the completion of the sale, the director now owns 62,479 shares of the company’s stock, valued at approximately $956,553.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ADX opened at $15.17 on Thursday. The company has a 50-day moving average of $16.44 and a two-hundred day moving average of $17.72. Adams Diversified Equity Fund, Inc. has a one year low of $14.65 and a one year high of $22.33.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 17th.

A number of large investors have recently modified their holdings of ADX. Capital Investment Advisors LLC grew its stake in Adams Diversified Equity Fund by 1.2% in the 4th quarter. Capital Investment Advisors LLC now owns 62,145 shares of the closed-end fund’s stock valued at $1,206,000 after buying an additional 754 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Adams Diversified Equity Fund by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,282 shares of the closed-end fund’s stock worth $485,000 after buying an additional 900 shares in the last quarter. SMH Capital Advisors Inc. raised its position in Adams Diversified Equity Fund by 5.8% in the first quarter. SMH Capital Advisors Inc. now owns 16,908 shares of the closed-end fund’s stock worth $312,000 after purchasing an additional 929 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Adams Diversified Equity Fund by 0.5% during the 1st quarter. Kestra Advisory Services LLC now owns 201,823 shares of the closed-end fund’s stock worth $3,722,000 after buying an additional 954 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Adams Diversified Equity Fund by 3.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 37,729 shares of the closed-end fund’s stock worth $696,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

Adams Diversified Equity Fund Company Profile (Get Rating)

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability.

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