TIAA Trust National Association Purchases 850 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

TIAA Trust National Association raised its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,567 shares of the closed-end fund’s stock after acquiring an additional 850 shares during the quarter. TIAA Trust National Association’s holdings in Adams Diversified Equity Fund were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ADX. Kingsview Wealth Management LLC bought a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth approximately $238,000. Financial Counselors Inc. grew its position in shares of Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 950 shares during the period. Walleye Capital LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $721,000. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter worth $34,599,000. Finally, LRI Investments LLC purchased a new position in Adams Diversified Equity Fund during the third quarter valued at $62,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Performance

Shares of ADX opened at $18.96 on Friday. The business has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $20.79. Adams Diversified Equity Fund, Inc. has a 52 week low of $18.36 and a 52 week high of $22.63.

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 paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend was Monday, January 27th.

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.