Great Valley Advisor Group Inc. Purchases 2,196 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Great Valley Advisor Group Inc. raised its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 23.0% during the third quarter, Holdings Channel reports. The fund owned 11,755 shares of the closed-end fund’s stock after buying an additional 2,196 shares during the period. Great Valley Advisor Group Inc.’s holdings in Adams Diversified Equity Fund were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. lifted its stake in shares of Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after buying an additional 398,729 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter worth approximately $4,446,000. Cetera Investment Advisers purchased a new stake in Adams Diversified Equity Fund in the 1st quarter worth approximately $2,679,000. Sanctuary Advisors LLC purchased a new stake in Adams Diversified Equity Fund in the 2nd quarter worth approximately $2,336,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Adams Diversified Equity Fund in the 2nd quarter worth $2,133,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Adams Diversified Equity Fund

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

Adams Diversified Equity Fund Price Performance

Shares of NYSE:ADX opened at $20.37 on Thursday. The company’s fifty day moving average price is $21.70 and its 200-day moving average price is $21.29. Adams Diversified Equity Fund, Inc. has a one year low of $16.85 and a one year high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 annualized dividend and a dividend yield of 38.49%. The ex-dividend date of this dividend is Friday, November 22nd.

Adams Diversified Equity Fund 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.