Waterfront Wealth Inc. Grows Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Waterfront Wealth Inc. increased its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,998 shares of the closed-end fund's stock after acquiring an additional 19,518 shares during the quarter. Adams Diversified Equity Fund comprises approximately 1.9% of Waterfront Wealth Inc.'s investment portfolio, making the stock its 6th biggest holding. Waterfront Wealth Inc. owned about 0.35% of Adams Diversified Equity Fund worth $7,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Joel Isaacson & Co. LLC bought a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $504,000. Uniting Wealth Partners LLC boosted its stake in Adams Diversified Equity Fund by 7.3% during the 1st quarter. Uniting Wealth Partners LLC now owns 20,386 shares of the closed-end fund's stock worth $387,000 after acquiring an additional 1,390 shares during the last quarter. Consolidated Portfolio Review Corp boosted its stake in Adams Diversified Equity Fund by 35.7% during the 1st quarter. Consolidated Portfolio Review Corp now owns 149,453 shares of the closed-end fund's stock worth $2,838,000 after acquiring an additional 39,292 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Adams Diversified Equity Fund by 68.7% in the first quarter. Oppenheimer & Co. Inc. now owns 34,748 shares of the closed-end fund's stock valued at $660,000 after buying an additional 14,149 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Adams Diversified Equity Fund by 17.2% in the first quarter. Avior Wealth Management LLC now owns 22,188 shares of the closed-end fund's stock valued at $421,000 after buying an additional 3,250 shares during the period. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Up 0.4%

Adams Diversified Equity Fund stock opened at $21.48 on Friday. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63. The company has a 50 day moving average of $20.08 and a 200-day moving average of $19.92.

Adams Diversified Equity Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th were issued a $0.46 dividend. This represents a dividend yield of 10.16%. The ex-dividend date was Monday, April 28th.

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.

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