Focus Partners Wealth Buys New Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Focus Partners Wealth bought a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,103 shares of the closed-end fund’s stock, valued at approximately $972,000.

Several other large investors have also recently added to or reduced their stakes in ADX. Raymond James Financial Inc. bought a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $20,836,000. 1607 Capital Partners LLC grew its stake in Adams Diversified Equity Fund by 26.3% during the fourth quarter. 1607 Capital Partners LLC now owns 746,861 shares of the closed-end fund’s stock worth $15,087,000 after buying an additional 155,295 shares during the last quarter. Bensler LLC grew its stake in Adams Diversified Equity Fund by 19.5% during the fourth quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock worth $14,084,000 after buying an additional 113,940 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Adams Diversified Equity Fund by 353.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock worth $2,915,000 after buying an additional 112,482 shares during the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $2,225,000. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Stock Up 1.1%

Shares of Adams Diversified Equity Fund stock opened at $20.36 on Monday. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63. The firm’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $20.08.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, April 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a yield of 10.16%.

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.