Evolve Private Wealth LLC acquired a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 78,995 shares of the closed-end fund's stock, valued at approximately $2,018,000. Evolve Private Wealth LLC owned 0.06% of Adams Diversified Equity Fund at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in Adams Diversified Equity Fund by 3.8% in the 4th quarter. Bank of Montreal Can now owns 11,886 shares of the closed-end fund's stock valued at $277,000 after buying an additional 435 shares during the last quarter. MML Investors Services LLC raised its holdings in Adams Diversified Equity Fund by 1.3% during the fourth quarter. MML Investors Services LLC now owns 32,763 shares of the closed-end fund's stock worth $764,000 after purchasing an additional 436 shares in the last quarter. Uniting Wealth Partners LLC lifted its position in Adams Diversified Equity Fund by 2.0% in the fourth quarter. Uniting Wealth Partners LLC now owns 22,306 shares of the closed-end fund's stock valued at $520,000 after purchasing an additional 439 shares during the period. Capstone Financial Advisors Inc. boosted its holdings in Adams Diversified Equity Fund by 1.1% in the 4th quarter. Capstone Financial Advisors Inc. now owns 42,513 shares of the closed-end fund's stock valued at $991,000 after purchasing an additional 451 shares in the last quarter. Finally, Quad Cities Investment Group LLC boosted its holdings in Adams Diversified Equity Fund by 1.9% in the 2nd quarter. Quad Cities Investment Group LLC now owns 29,033 shares of the closed-end fund's stock valued at $742,000 after purchasing an additional 545 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Trading Up 0.7%
NYSE ADX opened at $25.99 on Friday. The business's 50 day moving average is $25.72 and its two-hundred day moving average is $24.37. Adams Diversified Equity Fund, Inc. has a 12-month low of $20.91 and a 12-month high of $26.56.
Adams Diversified Equity Fund Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, July 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.7%. This is an increase from Adams Diversified Equity Fund's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, July 27th.
Adams Diversified Equity Fund Company Profile
(
Free Report)
Adams Diversified Equity Fund NYSE: ADX is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.
The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.
See Also
Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report).
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