Focus Partners Wealth Takes Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Focus Partners Wealth purchased a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,103 shares of the closed-end fund's stock, valued at approximately $972,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Adams Diversified Equity Fund by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund's stock worth $259,000 after buying an additional 4,741 shares in the last quarter. Park Avenue Securities LLC grew its stake in Adams Diversified Equity Fund by 28.8% during the fourth quarter. Park Avenue Securities LLC now owns 19,638 shares of the closed-end fund's stock worth $397,000 after buying an additional 4,389 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Adams Diversified Equity Fund by 9.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 51,405 shares of the closed-end fund's stock worth $1,038,000 after buying an additional 4,440 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Adams Diversified Equity Fund by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 60,101 shares of the closed-end fund's stock worth $1,214,000 after buying an additional 1,117 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Adams Diversified Equity Fund by 12.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,364 shares of the closed-end fund's stock worth $1,058,000 after buying an additional 5,720 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Trading Down 0.7%

Adams Diversified Equity Fund stock traded down $0.14 during trading hours on Friday, reaching $20.00. 204,795 shares of the stock were exchanged, compared to its average volume of 255,736. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63. The stock has a 50 day moving average of $18.97 and a two-hundred day moving average of $20.03.

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. The ex-dividend date is Monday, April 28th. This represents a yield of 10.16%.

Adams Diversified Equity Fund 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.