Generation Capital Management LLC purchased a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 49,191 shares of the closed-end fund's stock, valued at approximately $994,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Endowment Management LP increased its stake in shares of Adams Diversified Equity Fund by 9.5% in the 4th quarter. Global Endowment Management LP now owns 75,943 shares of the closed-end fund's stock valued at $1,534,000 after buying an additional 6,560 shares during the period. MSH Capital Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $271,000. 1607 Capital Partners LLC lifted its holdings in Adams Diversified Equity Fund by 26.3% in the fourth quarter. 1607 Capital Partners LLC now owns 746,861 shares of the closed-end fund's stock valued at $15,087,000 after buying an additional 155,295 shares during the period. NewEdge Advisors LLC boosted its stake in Adams Diversified Equity Fund by 71.6% in the fourth quarter. NewEdge Advisors LLC now owns 34,835 shares of the closed-end fund's stock valued at $704,000 after acquiring an additional 14,535 shares during the last quarter. Finally, Kane Investment Management Inc. acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $566,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.
Adams Diversified Equity Fund Stock Performance
Shares of Adams Diversified Equity Fund stock traded up $0.63 on Wednesday, hitting $18.74. 212,793 shares of the company's stock traded hands, compared to its average volume of 253,427. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $22.63. The firm's 50-day moving average price is $19.10 and its two-hundred day moving average price is $20.39.
Adams Diversified Equity Fund Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $0.46 per share. This represents a yield of 10.16%. The ex-dividend date is Monday, April 28th.
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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