Jones Financial Companies Lllp Buys 19,094 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Jones Financial Companies Lllp lifted its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 117.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,414 shares of the closed-end fund's stock after buying an additional 19,094 shares during the period. Jones Financial Companies Lllp's holdings in Adams Diversified Equity Fund were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $30,000. LRI Investments LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $62,000. Geneos Wealth Management Inc. raised its position in Adams Diversified Equity Fund by 45.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after purchasing an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Adams Diversified Equity Fund during the fourth quarter valued at approximately $89,000. Finally, Allworth Financial LP acquired a new position in Adams Diversified Equity Fund during the fourth quarter valued at approximately $202,000. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Stock Performance

Shares of ADX opened at $19.41 on Monday. Adams Diversified Equity Fund, Inc. has a one year low of $18.36 and a one year high of $22.63. The firm has a 50 day simple moving average of $20.47 and a two-hundred day simple moving average of $21.00.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 9.68%.

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.

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