Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,625 shares of the closed-end fund’s stock after purchasing an additional 3,381 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Adams Diversified Equity Fund were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in Adams Diversified Equity Fund by 16.5% during the third quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock valued at $4,108,000 after buying an additional 26,936 shares in the last quarter. Walleye Capital LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at about $721,000. Mezzasalma Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $419,000. Wolverine Asset Management LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth approximately $655,000. Finally, Bensler LLC raised its holdings in shares of Adams Diversified Equity Fund by 19.5% in the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock worth $14,084,000 after purchasing an additional 113,940 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX opened at $20.92 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 50 day moving average price of $20.58 and a 200 day moving average price of $21.06.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.99%. 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.