Adams Diversified Equity Fund, Inc. $ADX Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Adams Diversified Equity Fund, Inc. by 29.5%, owning 344,966 shares valued at approximately $6.55 million after purchasing an additional 78,671 shares in the first quarter.
• The Adams Diversified Equity Fund recently announced a quarterly dividend of $0.46 per share, yielding 8.5%, following its payment on August 28th for investors of record on July 28th.
• Shares of Adams Diversified Equity Fund opened at $21.64, reflecting a one-year range between $16.50 and $22.63, with a current 50-day moving average price of $21.71.

Advisors Asset Management Inc. lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 29.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 344,966 shares of the closed-end fund's stock after buying an additional 78,671 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.29% of Adams Diversified Equity Fund worth $6,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADX. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter valued at $850,000. Ameriprise Financial Inc. raised its holdings in shares of Adams Diversified Equity Fund by 66.1% in the 4th quarter. Ameriprise Financial Inc. now owns 57,220 shares of the closed-end fund's stock valued at $1,156,000 after buying an additional 22,765 shares during the period. Captrust Financial Advisors raised its holdings in shares of Adams Diversified Equity Fund by 26.7% in the 4th quarter. Captrust Financial Advisors now owns 15,189 shares of the closed-end fund's stock valued at $307,000 after buying an additional 3,199 shares during the period. Cetera Investment Advisers grew its stake in Adams Diversified Equity Fund by 4.8% during the 4th quarter. Cetera Investment Advisers now owns 149,207 shares of the closed-end fund's stock worth $3,014,000 after purchasing an additional 6,845 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth $972,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Up 0.1%

ADX traded up $0.03 on Tuesday, hitting $21.78. 81,080 shares of the company were exchanged, compared to its average volume of 286,442. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63. The firm has a 50-day moving average price of $21.72 and a two-hundred day moving average price of $20.32.

Adams Diversified Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, July 28th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Monday, July 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.