Adams Diversified Equity Fund, Inc. (NYSE:ADX) is Blue Bell Private Wealth Management LLC's 4th Largest Position

Blue Bell Private Wealth Management LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 936,489 shares of the closed-end fund's stock after acquiring an additional 43,340 shares during the quarter. Adams Diversified Equity Fund accounts for about 3.6% of Blue Bell Private Wealth Management LLC's portfolio, making the stock its 4th largest position. Blue Bell Private Wealth Management LLC owned 0.75% of Adams Diversified Equity Fund worth $18,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ADX. Raymond James Financial Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the fourth quarter worth approximately $20,836,000. Pinion Investment Advisors LLC grew its holdings in Adams Diversified Equity Fund by 9.5% during the 4th quarter. Pinion Investment Advisors LLC now owns 16,787 shares of the closed-end fund's stock worth $339,000 after acquiring an additional 1,450 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after purchasing an additional 576 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Adams Diversified Equity Fund by 117.0% in the 4th quarter. Jones Financial Companies Lllp now owns 35,414 shares of the closed-end fund's stock valued at $715,000 after purchasing an additional 19,094 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth $89,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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Adams Diversified Equity Fund Stock Performance

Shares of ADX stock traded down $0.13 on Tuesday, reaching $18.68. 369,924 shares of the stock were exchanged, compared to its average volume of 234,479. The business's 50 day moving average price is $20.44 and its 200 day moving average price is $20.98. Adams Diversified Equity Fund, Inc. has a twelve month low of $18.36 and a twelve month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 10.06%.

Adams Diversified Equity Fund Profile

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.