Zuckerman Investment Group LLC boosted its holdings in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 243.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,877 shares of the closed-end fund’s stock after purchasing an additional 294,958 shares during the period. Adams Diversified Equity Fund accounts for approximately 1.6% of Zuckerman Investment Group LLC’s holdings, making the stock its 20th largest holding. Zuckerman Investment Group LLC owned approximately 0.42% of Adams Diversified Equity Fund worth $6,325,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deschutes Portfolio Strategy LLC boosted its position in shares of Adams Diversified Equity Fund by 1.2% in the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 504,633 shares of the closed-end fund’s stock worth $7,675,000 after purchasing an additional 5,998 shares during the last quarter. Royal Bank of Canada grew its position in shares of Adams Diversified Equity Fund by 1.8% in the second quarter. Royal Bank of Canada now owns 372,543 shares of the closed-end fund’s stock valued at $5,323,000 after purchasing an additional 6,694 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Adams Diversified Equity Fund by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 300,738 shares of the closed-end fund’s stock valued at $4,298,000 after purchasing an additional 12,848 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Adams Diversified Equity Fund by 13.2% in the third quarter. Wells Fargo & Company MN now owns 145,900 shares of the closed-end fund’s stock valued at $2,220,000 after purchasing an additional 16,972 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Adams Diversified Equity Fund by 2.7% in 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. 19.11% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Inc (ADX) opened at $14.82 on Wednesday. Adams Diversified Equity Fund Inc has a 12-month low of $12.38 and a 12-month high of $15.92.

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

In related news, Director Lauriann C. Kloppenburg purchased 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $82,150.00. Following the completion of the purchase, the director now owns 5,300 shares in the company, valued at approximately $82,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas Cotton Swindell sold 2,494 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $15.46, for a total value of $38,557.24. Following the completion of the sale, the vice president now owns 3,814 shares of the company’s stock, valued at $58,964.44. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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