Uniting Wealth Partners LLC acquired a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 18,996 shares of the closed-end fund's stock, valued at approximately $384,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in Adams Diversified Equity Fund in the fourth quarter valued at approximately $31,000. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $62,000. Geneos Wealth Management Inc. raised its holdings in Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after purchasing an additional 1,029 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth $89,000. Finally, Steward Partners Investment Advisory LLC grew its holdings 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 buying an additional 576 shares during the period. 28.41% of the stock is owned by institutional investors and hedge funds.
Adams Diversified Equity Fund Stock Up 3.1 %
Shares of Adams Diversified Equity Fund stock traded up $0.53 during trading hours on Tuesday, hitting $17.64. The company's stock had a trading volume of 221,550 shares, compared to its average volume of 247,011. The stock has a 50 day moving average of $19.74 and a 200 day moving average of $20.67. Adams Diversified Equity Fund, Inc. has a 12 month low of $16.50 and a 12 month high of $22.63.
Adams Diversified Equity Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date of this dividend was Monday, January 27th.
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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