Consolidated Portfolio Review Corp bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,161 shares of the closed-end fund's stock, valued at approximately $2,225,000. Consolidated Portfolio Review Corp owned approximately 0.09% of Adams Diversified Equity Fund at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ADX. Farther Finance Advisors LLC bought a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth about $30,000. LRI Investments LLC bought a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $62,000. Geneos Wealth Management Inc. lifted its stake in shares of Adams Diversified Equity Fund by 45.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after acquiring an additional 1,029 shares during the period. Kingsview Wealth Management LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter valued at $238,000. Finally, Founders Capital Management LLC boosted its stake in Adams Diversified Equity Fund by 8.8% during the fourth quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund's stock valued at $225,000 after buying an additional 903 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Stock Up 0.8 %
Shares of NYSE ADX traded up $0.16 during midday trading on Monday, reaching $20.63. The company's stock had a trading volume of 213,468 shares, compared to its average volume of 332,764. Adams Diversified Equity Fund, Inc. has a one year low of $18.33 and a one year high of $22.63. The company has a 50 day moving average price of $20.57 and a 200 day moving average price of $21.08.
Adams Diversified Equity Fund Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date is Monday, January 27th.
Adams Diversified Equity Fund Profile
(
Free Report)
Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.
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