Park Avenue Securities LLC Has $397,000 Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Park Avenue Securities LLC grew its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,638 shares of the closed-end fund’s stock after buying an additional 4,389 shares during the quarter. Park Avenue Securities LLC’s holdings in Adams Diversified Equity Fund were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quad Cities Investment Group LLC raised its position in Adams Diversified Equity Fund by 9.5% during the fourth quarter. Quad Cities Investment Group LLC now owns 25,369 shares of the closed-end fund’s stock valued at $512,000 after acquiring an additional 2,191 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Adams Diversified Equity Fund by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund’s stock valued at $259,000 after purchasing an additional 4,741 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $935,000. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $1,642,000. Finally, RB Capital Management LLC boosted its holdings in Adams Diversified Equity Fund by 1.7% in the third quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock worth $4,102,000 after purchasing an additional 3,227 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 0.2 %

ADX opened at $21.29 on Friday. The stock has a 50-day moving average of $20.73 and a 200-day moving average of $21.20. Adams Diversified Equity Fund, Inc. has a 52-week low of $18.12 and a 52-week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be paid a $0.47 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.83%.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now owns 49,908 shares in the company, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased 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 owns 4,982 shares of the company’s stock, valued at $108,059.58. This 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 currently owned by corporate insiders.

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.