Great Valley Advisor Group Inc. Has $254,000 Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Great Valley Advisor Group Inc. lifted its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 23.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,755 shares of the closed-end fund’s stock after purchasing an additional 2,196 shares during the period. Great Valley Advisor Group Inc.’s holdings in Adams Diversified Equity Fund were worth $254,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ADX. Landscape Capital Management L.L.C. lifted its holdings in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after purchasing an additional 398,729 shares during the period. Shaker Financial Services LLC acquired a new position in Adams Diversified Equity Fund in the third quarter valued at $4,446,000. Cetera Investment Advisers acquired a new position in Adams Diversified Equity Fund in the first quarter valued at $2,679,000. Sanctuary Advisors LLC acquired a new position in Adams Diversified Equity Fund in the second quarter valued at $2,336,000. Finally, Thrivent Financial for Lutherans acquired a new position in Adams Diversified Equity Fund in the second quarter valued at $2,133,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Insider Activity at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, the director now owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Adams Diversified Equity Fund Stock Performance

ADX stock opened at $20.37 on Thursday. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.85 and a 12-month high of $22.63. The company’s fifty day simple moving average is $21.70 and its 200 day simple moving average is $21.29.

Adams Diversified Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.49%.

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.