Craig R. Smith Buys 17,000 Shares of Adams Diversified Equity Fund Inc (ADX) Stock

Adams Diversified Equity Fund Inc (NYSE:ADX) Director Craig R. Smith acquired 17,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $14.91 per share, with a total value of $253,470.00. Following the transaction, the director now owns 46,469 shares of the company’s stock, valued at $692,852.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:ADX opened at $15.03 on Thursday. Adams Diversified Equity Fund Inc has a 52 week low of $11.84 and a 52 week high of $16.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 16th.

Large investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its holdings in Adams Diversified Equity Fund by 46.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,865 shares of the closed-end fund’s stock valued at $36,000 after acquiring an additional 913 shares during the last quarter. Legacy Advisors LLC acquired a new position in Adams Diversified Equity Fund in the first quarter valued at $54,000. MinichMacGregor Wealth Management LLC acquired a new position in Adams Diversified Equity Fund in the first quarter valued at $133,000. Advisors Asset Management Inc. acquired a new position in Adams Diversified Equity Fund in the fourth quarter valued at $169,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in Adams Diversified Equity Fund in the fourth quarter valued at $179,000. 15.33% of the stock is owned by institutional investors and hedge funds.

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About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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