Wells Fargo & Company MN increased its position in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 13.2% in the 3rd quarter, Holdings Channel reports. The firm owned 145,900 shares of the closed-end fund’s stock after acquiring an additional 16,972 shares during the quarter. Wells Fargo & Company MN’s holdings in Adams Diversified Equity Fund were worth $2,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADX. D.A. Davidson & CO. increased its position in Adams Diversified Equity Fund by 8.5% during the second quarter. D.A. Davidson & CO. now owns 74,361 shares of the closed-end fund’s stock worth $1,062,000 after purchasing an additional 5,809 shares during the last quarter. MML Investors Services LLC increased its position in Adams Diversified Equity Fund by 2.4% during the second quarter. MML Investors Services LLC now owns 96,972 shares of the closed-end fund’s stock worth $1,386,000 after purchasing an additional 2,269 shares during the last quarter. Zuckerman Investment Group LLC increased its position in Adams Diversified Equity Fund by 13.3% during the second quarter. Zuckerman Investment Group LLC now owns 120,919 shares of the closed-end fund’s stock worth $1,728,000 after purchasing an additional 14,235 shares during the last quarter. Stifel Financial Corp increased its position in Adams Diversified Equity Fund by 1.9% during the second quarter. Stifel Financial Corp now owns 98,139 shares of the closed-end fund’s stock worth $1,392,000 after purchasing an additional 1,837 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Adams Diversified Equity Fund by 1.8% during the second quarter. Royal Bank of Canada now owns 372,543 shares of the closed-end fund’s stock worth $5,323,000 after purchasing an additional 6,694 shares during the last quarter. Hedge funds and other institutional investors own 19.08% of the company’s stock.

In related news, Director Lauriann C. Kloppenburg purchased 5,300 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,300 shares in the company, valued at $82,150. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Douglas Cotton Swindell sold 2,494 shares of Adams Diversified Equity Fund stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.46, for a total transaction of $38,557.24. Following 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 company insiders.

Shares of Adams Diversified Equity Fund Inc (NYSE:ADX) opened at $15.67 on Tuesday. Adams Diversified Equity Fund Inc has a 12-month low of $12.93 and a 12-month high of $15.92.

The company also recently disclosed a special dividend, which was paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd were given a dividend of $0.06 per share. This is a boost from Adams Diversified Equity Fund’s previous special dividend of $0.02. This represents a yield of 2.03%. The ex-dividend date was Tuesday, November 21st.

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Adams Diversified Equity Fund Company Profile

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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