LPL Financial LLC lifted its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 14.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,955 shares of the closed-end fund's stock after purchasing an additional 17,743 shares during the quarter. LPL Financial LLC owned about 0.11% of Adams Diversified Equity Fund worth $2,847,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ADX. Geneos Wealth Management Inc. boosted its stake in shares of Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after buying an additional 1,029 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $89,000. Steward Partners Investment Advisory LLC increased its position in shares of Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after buying an additional 576 shares in the last quarter. Allworth Financial LP purchased a new stake in Adams Diversified Equity Fund in the 4th quarter worth $202,000. Finally, Founders Capital Management LLC raised its stake in Adams Diversified Equity Fund by 8.8% in the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund's stock valued at $225,000 after purchasing an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Trading Up 0.5 %
Shares of Adams Diversified Equity Fund stock traded up $0.09 on Thursday, hitting $18.09. 26,963 shares of the company were exchanged, compared to its average volume of 250,216. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63. The company has a 50-day moving average price of $19.31 and a 200 day moving average price of $20.49.
Adams Diversified Equity Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date was 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.
Further Reading
Before you consider Adams Diversified Equity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adams Diversified Equity Fund wasn't on the list.
While Adams Diversified Equity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
