Advisors Asset Management Inc. Has $5.38 Million Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Advisors Asset Management Inc. grew its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,295 shares of the closed-end fund’s stock after buying an additional 75,758 shares during the period. Advisors Asset Management Inc. owned 0.21% of Adams Diversified Equity Fund worth $5,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth $34,599,000. Raymond James Financial Inc. bought a new stake in Adams Diversified Equity Fund during the 4th quarter worth approximately $20,836,000. Landscape Capital Management L.L.C. raised its position in Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after purchasing an additional 398,729 shares during the last quarter. Bensler LLC raised its position in shares of 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 acquiring an additional 113,940 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Adams Diversified Equity Fund by 353.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock worth $2,915,000 after purchasing an additional 112,482 shares during the period. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $19.12 on Thursday. Adams Diversified Equity Fund, Inc. has a 12-month low of $18.36 and a 12-month high of $22.63. The company’s fifty day simple moving average is $20.24 and its 200 day simple moving average is $20.87.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 9.83%.

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.