Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stake Lifted by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC grew its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 7.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,209,226 shares of the closed-end fund’s stock after acquiring an additional 79,685 shares during the quarter. Adams Diversified Equity Fund comprises 5.8% of Blue Bell Private Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Adams Diversified Equity Fund were worth $17,582,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Piershale Financial Group Inc. acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $28,000. SeaCrest Wealth Management LLC purchased a new position in Adams Diversified Equity Fund during the second quarter worth $30,000. Benjamin F. Edwards & Company Inc. purchased a new position in Adams Diversified Equity Fund during the third quarter worth $51,000. Romano Brothers AND Company acquired a new stake in shares of Adams Diversified Equity Fund during the fourth quarter worth $61,000. Finally, WJ Interests LLC acquired a new stake in shares of Adams Diversified Equity Fund during the fourth quarter worth $79,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock traded down $0.15 during mid-day trading on Friday, hitting $14.82. 170,991 shares of the company’s stock were exchanged, compared to its average volume of 190,658. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $18.81. The stock has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $15.26.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%.

Insider Transactions at Adams Diversified Equity Fund

In related news, Director Mary Chris Jammet purchased 1,940 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was acquired at an average price of $15.46 per share, for a total transaction of $29,992.40. Following the completion of the purchase, the director now owns 7,833 shares in the company, valued at $121,098.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

About Adams Diversified Equity Fund

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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.