IFP Advisors Inc Increases Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

IFP Advisors Inc increased its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 20.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,213 shares of the closed-end fund’s stock after buying an additional 9,811 shares during the period. IFP Advisors Inc owned 0.06% of Adams Diversified Equity Fund worth $870,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division acquired a new position in Adams Diversified Equity Fund in the third quarter worth approximately $237,000. Raymond James Trust N.A. grew its holdings in Adams Diversified Equity Fund by 24.8% during 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 purchasing an additional 6,477 shares during the last quarter. Deschutes Portfolio Strategy LLC grew its holdings in Adams Diversified Equity Fund by 1.2% during the third quarter. Deschutes Portfolio Strategy LLC now owns 504,633 shares of the closed-end fund’s stock valued at $7,675,000 after purchasing an additional 5,998 shares during the last quarter. WFG Advisors LP acquired a new position in Adams Diversified Equity Fund during the second quarter valued at approximately $448,000. Finally, Bank of Nova Scotia grew its holdings in Adams Diversified Equity Fund by 2.7% during the second quarter. Bank of Nova Scotia now owns 127,625 shares of the closed-end fund’s stock valued at $1,824,000 after purchasing an additional 3,376 shares during the last quarter. Hedge funds and other institutional investors own 19.77% of the company’s stock.

Adams Diversified Equity Fund, Inc. (NYSE ADX) opened at $15.76 on Tuesday. Adams Diversified Equity Fund, Inc. has a twelve month low of $12.33 and a twelve month high of $15.80.

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

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

ILLEGAL ACTIVITY WARNING: This news story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/11/14/ifp-advisors-inc-acquires-9811-shares-of-adams-diversified-equity-fund-inc-adx.html.

About Adams Diversified Equity Fund

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)

Receive News & Ratings for Adams Diversified Equity Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply