Zuckerman Investment Group LLC Grows Stake in Adams Diversified Equity Fund Inc (NYSE:ADX)

Zuckerman Investment Group LLC boosted its position in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 243.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,877 shares of the closed-end fund’s stock after buying an additional 294,958 shares during the period. Adams Diversified Equity Fund accounts for approximately 1.6% of Zuckerman Investment Group LLC’s portfolio, making the stock its 20th biggest holding. Zuckerman Investment Group LLC owned about 0.42% of Adams Diversified Equity Fund worth $6,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADX. Wells Fargo & Company MN boosted its position in Adams Diversified Equity Fund by 11.6% during the second quarter. Wells Fargo & Company MN now owns 128,928 shares of the closed-end fund’s stock worth $1,843,000 after purchasing an additional 13,444 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Adams Diversified Equity Fund by 20.7% in the third quarter. IFP Advisors Inc now owns 57,213 shares of the closed-end fund’s stock valued at $870,000 after acquiring an additional 9,811 shares in the last quarter. Deschutes Portfolio Strategy LLC lifted its position in shares of Adams Diversified Equity Fund by 1.6% in the second quarter. Deschutes Portfolio Strategy LLC now owns 498,635 shares of the closed-end fund’s stock valued at $7,125,000 after acquiring an additional 7,896 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Adams Diversified Equity Fund by 24.8% in the third quarter. Raymond James Trust N.A. now owns 32,636 shares of the closed-end fund’s stock valued at $496,000 after acquiring an additional 6,477 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at $1,475,000. 19.11% of the stock is currently owned by institutional investors.

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

Shares of Adams Diversified Equity Fund Inc (ADX) opened at $14.87 on Friday. Adams Diversified Equity Fund Inc has a 12 month low of $12.70 and a 12 month 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 issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a yield of 2.03%. This is an increase from Adams Diversified Equity Fund’s previous special dividend of $0.02.

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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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