Advisors Asset Management Inc. grew its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 39.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,295 shares of the closed-end fund's stock after purchasing an additional 75,758 shares during the quarter. Advisors Asset Management Inc. owned about 0.21% of Adams Diversified Equity Fund worth $5,379,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the third quarter worth about $34,599,000. Raymond James Financial Inc. purchased a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $20,836,000. Blue Bell Private Wealth Management LLC raised its position in shares of Adams Diversified Equity Fund by 4.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund's stock worth $18,917,000 after acquiring an additional 43,340 shares in the last quarter. Bensler LLC lifted its stake in shares of Adams Diversified Equity Fund by 19.5% in the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund's stock valued at $14,084,000 after purchasing an additional 113,940 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its position in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund's stock valued at $8,905,000 after purchasing an additional 398,729 shares in the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Price Performance
ADX traded up $0.28 during trading on Monday, reaching $19.44. The stock had a trading volume of 231,922 shares, compared to its average volume of 239,183. The stock's 50 day moving average is $20.19 and its two-hundred day moving average is $20.84. Adams Diversified Equity Fund, Inc. has a one year low of $18.36 and a one year high of $22.63.
Adams Diversified Equity Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 9.67%.
About Adams Diversified Equity Fund
(
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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