Adams Diversified Equity Fund, Inc. $ADX Holdings Lifted by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC increased its Adams Diversified Equity Fund stake by 62.6% in the third quarter, bringing its holdings to 105,829 shares valued at approximately $2.72 million.
• Several other institutions adjusted their positions, including Royal Bank of Canada, Bank of America, ARQ Wealth Advisors, RB Capital Management, and Kestra Advisory Services. Institutional investors collectively own 28.41% of ADX.
• ADX shares opened at $25.34, compared with a 12-month range of $20.91 to $26.56; the fund invests primarily in a diversified portfolio of publicly traded U.S. equities.

Samalin Investment Counsel LLC lifted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 62.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,829 shares of the closed-end fund's stock after buying an additional 40,724 shares during the quarter. Samalin Investment Counsel LLC owned about 0.09% of Adams Diversified Equity Fund worth $2,717,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in Adams Diversified Equity Fund by 4.7% during the first quarter. Royal Bank of Canada now owns 980,325 shares of the closed-end fund's stock worth $21,459,000 after acquiring an additional 44,446 shares during the period. Bank of America Corp DE bought a new stake in Adams Diversified Equity Fund in the 2nd quarter valued at about $8,188,000. ARQ Wealth Advisors LLC boosted its holdings in Adams Diversified Equity Fund by 7.8% in the 1st quarter. ARQ Wealth Advisors LLC now owns 225,155 shares of the closed-end fund's stock valued at $4,929,000 after purchasing an additional 16,345 shares during the period. RB Capital Management LLC bought a new stake in Adams Diversified Equity Fund in the 2nd quarter valued at about $5,399,000. Finally, Kestra Advisory Services LLC grew its position in shares of Adams Diversified Equity Fund by 2.4% during the 1st quarter. Kestra Advisory Services LLC now owns 202,000 shares of the closed-end fund's stock worth $4,422,000 after purchasing an additional 4,773 shares in the last quarter. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX 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 company's 50 day moving average price is $25.86 and its two-hundred day moving average price is $25.36.

Adams Diversified Equity Fund Company 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.

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