58,015 Shares in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Acquired by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 58,015 shares of the closed-end fund's stock, valued at approximately $1,172,000.

Several other hedge funds also recently made changes to their positions in ADX. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter worth $34,599,000. Raymond James Financial Inc. bought a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth about $20,836,000. Bensler LLC boosted its holdings 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 buying an additional 113,940 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Adams Diversified Equity Fund by 353.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund's stock valued at $2,915,000 after buying an additional 112,482 shares during the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $2,225,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

NYSE ADX traded down $1.04 during trading hours on Friday, reaching $17.41. The company's stock had a trading volume of 651,038 shares, compared to its average volume of 245,364. The business has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $20.71. Adams Diversified Equity Fund, Inc. has a 52 week low of $17.34 and a 52 week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 10.80%.

Adams Diversified Equity Fund Company 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.