Salem Investment Counselors Inc. Cuts Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Salem Investment Counselors Inc. lessened its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,062 shares of the closed-end fund’s stock after selling 1,200 shares during the period. Salem Investment Counselors Inc.’s holdings in Adams Diversified Equity Fund were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $34,599,000. Landscape Capital Management L.L.C. boosted its stake in 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 valued at $8,905,000 after buying an additional 398,729 shares during the period. Shaker Financial Services LLC purchased a new position in Adams Diversified Equity Fund during the third quarter worth about $4,446,000. Sanctuary Advisors LLC bought a new position in Adams Diversified Equity Fund in the 2nd quarter worth about $2,336,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at about $2,133,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $20.39 on Tuesday. The business has a 50-day moving average of $20.97 and a 200-day moving average of $21.24. Adams Diversified Equity Fund, Inc. has a 12 month low of $17.40 and a 12 month high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd were paid a $1.96 dividend. The ex-dividend date was Friday, November 22nd. This represents a $7.84 dividend on an annualized basis and a yield of 38.45%.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 4,833 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $21.90, for a total transaction of $105,842.70. Following the transaction, the director now directly owns 59,408 shares in the company, valued at approximately $1,301,035.20. This represents a 7.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Profile

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.