NewEdge Advisors LLC Acquires 14,535 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

NewEdge Advisors LLC raised its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 71.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,835 shares of the closed-end fund's stock after purchasing an additional 14,535 shares during the quarter. NewEdge Advisors LLC's holdings in Adams Diversified Equity Fund were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ADX. World Investment Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter worth about $1,642,000. Wilmington Savings Fund Society FSB purchased a new stake in Adams Diversified Equity Fund in the third quarter worth $935,000. JPMorgan Chase & Co. increased its position in 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. Quad Cities Investment Group LLC increased its position in Adams Diversified Equity Fund by 9.5% during the 4th quarter. Quad Cities Investment Group LLC now owns 25,369 shares of the closed-end fund's stock valued at $512,000 after purchasing an additional 2,191 shares during the period. Finally, Park Avenue Securities LLC raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Up 1.2 %

Shares of ADX traded up $0.22 during trading hours on Friday, reaching $19.33. 83,106 shares of the company traded hands, compared to its average volume of 311,260. Adams Diversified Equity Fund, Inc. has a 12 month low of $16.50 and a 12 month high of $22.63. The company's fifty day moving average price is $18.83 and its two-hundred day moving average price is $20.26.

Adams Diversified Equity Fund Announces Dividend

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

About Adams Diversified Equity Fund

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.