Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 15.5% in the third quarter, Holdings Channel reports. The fund owned 46,644 shares of the closed-end fund’s stock after buying an additional 6,277 shares during the period. Janney Montgomery Scott LLC’s holdings in Adams Diversified Equity Fund were worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $30,000. Rothschild Investment LLC acquired a new position in Adams Diversified Equity Fund in the second quarter valued at $45,000. Sunbelt Securities Inc. increased its stake 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 valued at $55,000 after purchasing an additional 2,552 shares during the period. Covestor Ltd acquired a new position in shares of Adams Diversified Equity Fund during the first quarter worth about $203,000. Finally, Great Valley Advisor Group Inc. acquired a new position in Adams Diversified Equity Fund during the second quarter worth about $206,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Insider Activity at Adams Diversified Equity Fund

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

Adams Diversified Equity Fund Price Performance

Shares of ADX opened at $22.01 on Friday. The company’s 50 day simple moving average is $21.61 and its 200 day simple moving average is $21.14. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.47 and a 1 year high of $22.58.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a $1.96 dividend. The ex-dividend date is Friday, November 22nd.

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.