Wolverine Asset Management LLC Has $1.01 Million Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Wolverine Asset Management LLC raised its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 64.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,089 shares of the closed-end fund’s stock after buying an additional 19,722 shares during the period. Wolverine Asset Management LLC’s holdings in Adams Diversified Equity Fund were worth $1,012,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADX. Farther Finance Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $30,000. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $62,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 1,029 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Adams Diversified Equity Fund in the 4th quarter valued at $202,000. Finally, Founders Capital Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 8.8% in the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund’s stock valued at $225,000 after purchasing an additional 903 shares during the last quarter. Institutional investors and hedge funds 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 company has a fifty day simple moving average of $20.60 and a 200 day simple moving average of $21.05.

Adams Diversified Equity Fund Cuts Dividend

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

Adams Diversified Equity Fund 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.