Envestnet Asset Management Inc. Takes Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Envestnet Asset Management Inc. bought a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,990 shares of the closed-end fund's stock, valued at approximately $464,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Adams Diversified Equity Fund in the 4th quarter valued at about $20,836,000. Blue Bell Private Wealth Management LLC boosted its stake in Adams Diversified Equity Fund by 4.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund's stock valued at $18,917,000 after purchasing an additional 43,340 shares during the period. Bensler LLC grew its holdings in 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 worth $14,084,000 after buying an additional 113,940 shares in the last quarter. Waterfront Wealth Inc. grew its stake in shares of Adams Diversified Equity Fund by 3.5% in the fourth quarter. Waterfront Wealth Inc. now owns 394,480 shares of the closed-end fund's stock worth $7,969,000 after purchasing an additional 13,161 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Adams Diversified Equity Fund by 39.8% in the 4th quarter. Advisors Asset Management Inc. now owns 266,295 shares of the closed-end fund's stock valued at $5,379,000 after buying an additional 75,758 shares in the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Price Performance

NYSE:ADX traded down $0.15 during mid-day trading on Tuesday, reaching $19.19. 207,610 shares of the stock were exchanged, compared to its average volume of 254,217. The business has a fifty day moving average price of $18.79 and a 200 day moving average price of $20.20. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th will be paid 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 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.