Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock Position Increased by Cannon Advisors Inc.

Cannon Advisors Inc. boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,820 shares of the closed-end fund’s stock after buying an additional 1,406 shares during the quarter. Cannon Advisors Inc.’s holdings in Adams Diversified Equity Fund were worth $481,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC bought a new position in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $31,000. LRI Investments LLC acquired a new stake in Adams Diversified Equity Fund during the third quarter valued at approximately $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 in the last quarter. First Command Advisory Services Inc. acquired a new position in Adams Diversified Equity Fund in the fourth quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC grew 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 buying an additional 576 shares during the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Trading Up 0.5 %

Shares of NYSE:ADX opened at $19.02 on Tuesday. The stock has a fifty day moving average of $20.02 and a 200-day moving average of $20.78. Adams Diversified Equity Fund, Inc. has a one year low of $18.36 and a one year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

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