Envestnet Asset Management Inc. purchased a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,990 shares of the closed-end fund's stock, valued at approximately $464,000.
Other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new stake in Adams Diversified Equity Fund in the 4th quarter worth about $31,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 buying an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Adams Diversified Equity Fund during the 4th quarter valued at about $89,000. Steward Partners Investment Advisory LLC raised its holdings in 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 acquiring an additional 576 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Adams Diversified Equity Fund in the 4th quarter worth approximately $202,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Stock Down 0.2 %
Shares of NYSE ADX traded down $0.04 during trading on Friday, hitting $19.33. 95,928 shares of the company were exchanged, compared to its average volume of 253,495. The company has a fifty day moving average price of $18.76 and a 200-day moving average price of $20.17. 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 Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, April 29th will be issued a $0.46 dividend. This represents a dividend yield of 10.16%. The ex-dividend date is Monday, April 28th.
About Adams Diversified Equity Fund
(
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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