Level Four Advisory Services LLC Has $341,000 Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Level Four Advisory Services LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,885 shares of the closed-end fund’s stock after purchasing an additional 1,454 shares during the period. Level Four Advisory Services LLC’s holdings in Adams Diversified Equity Fund were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $62,000. Geneos Wealth Management Inc. boosted its holdings 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 worth $67,000 after buying an additional 1,029 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth about $89,000. Steward Partners Investment Advisory LLC increased its stake in shares of Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock valued at $135,000 after acquiring an additional 576 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Adams Diversified Equity Fund in the 4th quarter valued at approximately $202,000. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Stock Performance

ADX opened at $19.02 on Tuesday. Adams Diversified Equity Fund, Inc. has a 12 month low of $18.36 and a 12 month high of $22.63. The company has a fifty day simple moving average of $20.02 and a 200 day simple moving average of $20.78.

Adams Diversified Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date was 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.