Adams Diversified Equity Fund, Inc. $ADX Stock: Samalin Investment Counsel LLC Grows Stake

Samalin Investment Counsel LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 62.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,829 shares of the closed-end fund’s stock after buying an additional 40,724 shares during the period. Samalin Investment Counsel LLC’s holdings in Adams Diversified Equity Fund were worth $2,717,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ADX. Brookstone Capital Management increased its position in shares of Adams Diversified Equity Fund by 53.3% in the third quarter. Brookstone Capital Management now owns 20,202 shares of the closed-end fund’s stock worth $519,000 after purchasing an additional 7,025 shares during the period. Sterling Manor Financial LLC bought a new stake in Adams Diversified Equity Fund during the third quarter worth about $324,000. Sage Capital Advisors llc lifted its position in Adams Diversified Equity Fund by 49.3% during the third quarter. Sage Capital Advisors llc now owns 27,949 shares of the closed-end fund’s stock worth $717,000 after purchasing an additional 9,229 shares during the period. Avior Wealth Management LLC grew its stake in Adams Diversified Equity Fund by 9.8% during the third quarter. Avior Wealth Management LLC now owns 44,193 shares of the closed-end fund’s stock worth $1,134,000 after buying an additional 3,930 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Adams Diversified Equity Fund by 118.3% during the third quarter. Farther Finance Advisors LLC now owns 3,056 shares of the closed-end fund’s stock worth $78,000 after buying an additional 1,656 shares in the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Trading Up 0.1%

Shares of Adams Diversified Equity Fund stock opened at $25.34 on Monday. Adams Diversified Equity Fund, Inc. has a 12-month low of $20.91 and a 12-month high of $26.56. The firm’s 50-day moving average price is $25.86 and its two-hundred day moving average price is $25.36.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund, Inc (NYSE: ADX) is a closed-end investment company that seeks long-term capital appreciation and income by investing primarily in a diversified portfolio of publicly traded U.S. equities. Its holdings generally span multiple industries and sectors, providing shareholders with exposure to established and emerging companies across the American stock market.

The fund is managed by Adams Funds, an investment management firm based in Baltimore, Maryland. In addition to its diversified equity strategy, the Adams organization manages other investment products and strategies for individuals and institutions.