Uniting Wealth Partners LLC Takes $384,000 Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Uniting Wealth Partners LLC acquired a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,996 shares of the closed-end fund’s stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC purchased a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth approximately $31,000. LRI Investments LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter worth $62,000. Geneos Wealth Management Inc. raised its position in Adams Diversified Equity Fund by 45.4% during 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 in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth $89,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Adams Diversified Equity Fund by 9.4% during the 4th 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 in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock opened at $19.24 on Thursday. Adams Diversified Equity Fund, Inc. has a 12 month low of $18.36 and a 12 month high of $22.63. The stock’s fifty day moving average price is $19.94 and its 200-day moving average price is $20.75.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 9.77%.

About Adams Diversified Equity Fund

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.