Kane Investment Management Inc. Takes Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Kane Investment Management Inc. purchased a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,009 shares of the closed-end fund's stock, valued at approximately $566,000.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Adams Diversified Equity Fund in the fourth quarter worth about $20,836,000. Blue Bell Private Wealth Management LLC increased its holdings in Adams Diversified Equity Fund by 4.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund's stock worth $18,917,000 after buying an additional 43,340 shares during the period. Bensler LLC raised its position in Adams Diversified Equity Fund by 19.5% during the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund's stock worth $14,084,000 after buying an additional 113,940 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in Adams Diversified Equity Fund by 3.5% during the 4th quarter. Waterfront Wealth Inc. now owns 394,480 shares of the closed-end fund's stock valued at $7,969,000 after acquiring an additional 13,161 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 39.8% in the 4th quarter. Advisors Asset Management Inc. now owns 266,295 shares of the closed-end fund's stock valued at $5,379,000 after acquiring an additional 75,758 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Up 0.9 %

NYSE ADX traded up $0.16 on Friday, reaching $18.16. 136,047 shares of the company's stock traded hands, compared to its average volume of 251,925. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63. The stock has a 50 day moving average price of $19.21 and a 200-day moving average price of $20.43.

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.