Blue Bell Private Wealth Management LLC Sells 51,547 Shares of Adams Diversified Equity Fund, Inc. $ADX

Key Points

• Blue Bell Private Wealth Management reduced its Adams Diversified Equity Fund stake by 6.1%, selling 51,547 shares in the third quarter and retaining 794,851 shares worth approximately $20.4 million.
• Several institutions increased their ADX holdings, including Samalin Investment Counsel, which boosted its position by 62.6%; institutional investors collectively own 28.41% of the fund.
• ADX shares opened at $25.09, down 0.6%, with a 52-week range of $20.91 to $26.56. The closed-end fund invests primarily in diversified U.S. equities for long-term capital appreciation and income.

Blue Bell Private Wealth Management LLC lowered its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 6.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 794,851 shares of the closed-end fund's stock after selling 51,547 shares during the period. Adams Diversified Equity Fund comprises about 2.4% of Blue Bell Private Wealth Management LLC's portfolio, making the stock its 5th biggest holding. Blue Bell Private Wealth Management LLC owned about 0.65% of Adams Diversified Equity Fund worth $20,404,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SMH Capital Advisors Inc. bought a new stake in Adams Diversified Equity Fund during the 3rd quarter worth $351,000. ARQ Wealth Advisors LLC grew its holdings in shares of Adams Diversified Equity Fund by 4.1% during the third quarter. ARQ Wealth Advisors LLC now owns 348,665 shares of the closed-end fund's stock worth $8,950,000 after purchasing an additional 13,783 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Adams Diversified Equity Fund by 1.8% in the third quarter. D.A. Davidson & CO. now owns 148,968 shares of the closed-end fund's stock valued at $3,824,000 after buying an additional 2,699 shares during the period. Latitude Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $33,000. Finally, Samalin Investment Counsel LLC raised its holdings in Adams Diversified Equity Fund by 62.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 105,829 shares of the closed-end fund's stock valued at $2,717,000 after buying an additional 40,724 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Down 0.6%

Shares of NYSE ADX opened at $25.09 on Tuesday. Adams Diversified Equity Fund, Inc. has a 1 year low of $20.91 and a 1 year high of $26.56. The company has a 50 day simple moving average of $25.80 and a 200 day simple moving average of $24.67.

About Adams Diversified Equity Fund

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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