Pinion Investment Advisors LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 104.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,330 shares of the closed-end fund's stock after purchasing an additional 17,543 shares during the quarter. Pinion Investment Advisors LLC's holdings in Adams Diversified Equity Fund were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ADX. CIBC Private Wealth Group LLC acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $31,000. UMB Bank n.a. acquired a new stake in Adams Diversified Equity Fund during the 1st quarter worth approximately $46,000. Elequin Capital LP acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $53,000. First Command Advisory Services Inc. acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Adams Diversified Equity Fund by 9.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock worth $135,000 after buying an additional 576 shares during the period. 28.41% of the stock is owned by institutional investors.
Adams Diversified Equity Fund Stock Down 0.8%
NYSE:ADX traded down $0.16 during mid-day trading on Friday, hitting $20.69. 259,159 shares of the company's stock were exchanged, compared to its average volume of 263,518. The company has a 50 day simple moving average of $19.52 and a 200-day simple moving average of $19.90. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63.
Adams Diversified Equity Fund Dividend Announcement
The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, April 29th were given a dividend of $0.46 per share. The ex-dividend date was Monday, April 28th. This represents a yield of 10.16%.
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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