Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 129,903 shares of the closed-end fund’s stock after acquiring an additional 2,522 shares during the quarter. D.A. Davidson & CO.’s holdings in Adams Diversified Equity Fund were worth $2,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $62,000. Geneos Wealth Management Inc. lifted its stake in Adams Diversified Equity Fund by 45.4% in the 4th 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 in the last quarter. Allworth Financial LP purchased a new stake in Adams Diversified Equity Fund in the 4th quarter valued at approximately $202,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $238,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Down 1.8 %

ADX stock opened at $20.45 on Friday. Adams Diversified Equity Fund, Inc. has a 1 year low of $18.36 and a 1 year high of $22.63. The stock’s 50 day moving average price is $20.60 and its 200 day moving average price is $21.05.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date is Monday, January 27th.

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.