RB Capital Management LLC Increases Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

RB Capital Management LLC lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,156 shares of the closed-end fund's stock after buying an additional 15,684 shares during the quarter. Adams Diversified Equity Fund makes up approximately 0.9% of RB Capital Management LLC's portfolio, making the stock its 24th biggest holding. RB Capital Management LLC owned approximately 0.16% of Adams Diversified Equity Fund worth $4,124,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Adams Diversified Equity Fund by 65.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund's stock valued at $259,000 after purchasing an additional 4,741 shares during the period. Park Avenue Securities LLC boosted its stake in Adams Diversified Equity Fund by 28.8% in the 4th quarter. Park Avenue Securities LLC now owns 19,638 shares of the closed-end fund's stock worth $397,000 after purchasing an additional 4,389 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Adams Diversified Equity Fund by 9.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 51,405 shares of the closed-end fund's stock worth $1,038,000 after acquiring an additional 4,440 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Adams Diversified Equity Fund by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 60,101 shares of the closed-end fund's stock valued at $1,214,000 after acquiring an additional 1,117 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Adams Diversified Equity Fund by 12.3% during the 4th 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.

Adams Diversified Equity Fund Trading Up 1.3%

Adams Diversified Equity Fund stock traded up $0.26 during midday trading on Tuesday, reaching $20.34. The company's stock had a trading volume of 88,146 shares, compared to its average volume of 255,074. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $22.63. The stock's 50-day simple moving average is $18.99 and its 200-day simple moving average is $20.00.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, April 28th. This represents a dividend yield of 10.16%.

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.