Financial Counselors Inc. Boosts Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Financial Counselors Inc. boosted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,405 shares of the closed-end fund’s stock after purchasing an additional 4,440 shares during the period. Financial Counselors Inc.’s holdings in Adams Diversified Equity Fund were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $62,000. Geneos Wealth Management Inc. lifted its holdings in Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock valued at $67,000 after acquiring an additional 1,029 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth $89,000. Steward Partners Investment Advisory LLC grew its stake 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 purchasing an additional 576 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 0.1 %

Shares of NYSE ADX opened at $19.26 on Friday. Adams Diversified Equity Fund, Inc. has a 52 week low of $18.36 and a 52 week high of $22.63. The firm has a 50-day moving average price of $20.10 and a 200 day moving average price of $20.81.

Adams Diversified Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.76%.

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.