Cambridge Investment Research Advisors Inc. Raises Stake in Adams Diversified Equity Fund, Inc. (ADX)

Cambridge Investment Research Advisors Inc. increased its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,961 shares of the closed-end fund’s stock after buying an additional 22,751 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.13% of Adams Diversified Equity Fund worth $1,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADX. WFG Advisors LP acquired a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at about $448,000. SG Americas Securities LLC grew its stake in shares of Adams Diversified Equity Fund by 222.6% in the 2nd quarter. SG Americas Securities LLC now owns 30,361 shares of the closed-end fund’s stock valued at $434,000 after buying an additional 20,950 shares during the period. First Midwest Bank Trust Division acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $237,000. Zuckerman Investment Group LLC grew its stake in shares of Adams Diversified Equity Fund by 13.3% in the 2nd quarter. Zuckerman Investment Group LLC now owns 120,919 shares of the closed-end fund’s stock valued at $1,728,000 after buying an additional 14,235 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Adams Diversified Equity Fund by 11.6% in the 2nd quarter. Wells Fargo & Company MN now owns 128,928 shares of the closed-end fund’s stock valued at $1,843,000 after buying an additional 13,444 shares during the period. Institutional investors own 19.49% of the company’s stock.

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In related news, VP Douglas Cotton Swindell sold 2,494 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.46, for a total value of $38,557.24. Following the transaction, the vice president now owns 3,814 shares of the company’s stock, valued at approximately $58,964.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lauriann C. Kloppenburg purchased 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $82,150.00. Following the transaction, the director now owns 5,300 shares in the company, valued at approximately $82,150. The disclosure for this purchase can be found here. 7.80% of the stock is currently owned by company insiders.

Adams Diversified Equity Fund, Inc. (ADX) opened at $15.78 on Monday. Adams Diversified Equity Fund, Inc. has a 1 year low of $12.33 and a 1 year high of $15.92.

The firm also recently declared a special dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd will be given a $0.06 dividend. This is a boost from Adams Diversified Equity Fund’s previous special dividend of $0.02. The ex-dividend date is Tuesday, November 21st. This represents a yield of 2.03%.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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