Waterfront Wealth Inc. lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413,998 shares of the closed-end fund's stock after purchasing an additional 19,518 shares during the quarter. Adams Diversified Equity Fund accounts for about 1.9% of Waterfront Wealth Inc.'s portfolio, making the stock its 6th largest position. Waterfront Wealth Inc. owned about 0.35% of Adams Diversified Equity Fund worth $7,862,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. CIBC Private Wealth Group LLC acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth about $31,000. UMB Bank n.a. acquired a new position in shares of Adams Diversified Equity Fund during the first quarter valued at about $46,000. Elequin Capital LP bought a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $53,000. Steward Partners Investment Advisory LLC raised its position in Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after buying an additional 576 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $210,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.
Adams Diversified Equity Fund Stock Up 0.3%
ADX stock traded up $0.06 during midday trading on Wednesday, hitting $21.61. The company's stock had a trading volume of 327,105 shares, compared to its average volume of 272,057. The stock's 50-day moving average price is $20.23 and its 200 day moving average price is $19.94. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.63.
Adams Diversified Equity Fund Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, April 29th were issued a $0.46 dividend. The ex-dividend date was Monday, April 28th. This represents a dividend 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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