Stifel Financial Corp Purchases 28,290 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Stifel Financial Corp increased its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,667 shares of the closed-end fund's stock after buying an additional 28,290 shares during the quarter. Stifel Financial Corp owned 0.21% of Adams Diversified Equity Fund worth $5,245,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. CIBC Private Wealth Group LLC purchased a new position in Adams Diversified Equity Fund in the fourth quarter worth $31,000. Geneos Wealth Management Inc. grew its position in 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 valued at $67,000 after buying an additional 1,029 shares during the period. First Command Advisory Services Inc. purchased a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $89,000. Steward Partners Investment Advisory LLC raised its position in 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 worth $135,000 after acquiring an additional 576 shares during the period. Finally, Allworth Financial LP purchased a new position in Adams Diversified Equity Fund in the fourth quarter valued at about $202,000. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Trading Down 0.7 %

Shares of ADX stock traded down $0.13 during trading hours on Tuesday, hitting $19.20. 43,257 shares of the company were exchanged, compared to its average volume of 253,886. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $22.63. The firm has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $20.20.

Adams Diversified Equity Fund Announces Dividend

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

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.