CEO Invests in Adams Diversified Equity Fund

Insider buys 23,000 shares

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Apr 28, 2017
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President and CEO Mark E. Stoeckle purchased 23,000 shares of the Adams Diversified Equity Fund Inc. (ADX, Financial) for $14.04 per share on April 27 according to an SEC filing. He now owns 46,990,595 total shares.

Headquartered in Baltimore, the Adams Diversified Equity Fund is an internally managed, diversified, closed-end equity investment company.

Its investment objectives are capital preservation and apprectiation and the attainment of reasonable income from investments. The fund invests in consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecommunication services and utilities.

The Adams Diversified Equity Fund has a market cap of $1.40 billion, a price-earnings (P/E) ratio of 20.71, a price-book (P/B) ratio of 2.86 and a dividend yield of 1.43%.

Over the past year, the fund has gained an estimated 11%. It recently set a new 52-week high when it traded around $14.09 per share on April 24.

Disclosure: Author does not own any shares of this equity fund.

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