Mercer Global Advisors Inc. ADV bought 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,076 shares of the closed-end fund's stock, valued at approximately $850,000.
Several other hedge funds have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. lifted its stake in shares of Adams Diversified Equity Fund by 45.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after purchasing an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the fourth quarter worth about $89,000. Steward Partners Investment Advisory LLC grew its stake in shares of Adams Diversified Equity Fund by 9.4% in the fourth 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 in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Stock Performance
NYSE ADX opened at $19.26 on Friday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63. The business has a 50 day moving average price of $18.75 and a two-hundred day moving average price of $20.15.
Adams Diversified Equity Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, April 29th will be issued a dividend of $0.46 per share. This represents a yield of 10.16%. The ex-dividend date of this dividend is Monday, April 28th.
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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