Thomas J. Herzfeld Advisors Inc. Has $1.65 Million Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Thomas J. Herzfeld Advisors Inc. increased its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,059 shares of the closed-end fund’s stock after buying an additional 5,176 shares during the period. Thomas J. Herzfeld Advisors Inc. owned 0.07% of Adams Diversified Equity Fund worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC bought a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $31,000. LRI Investments LLC acquired a new stake in Adams Diversified Equity Fund in the 3rd quarter valued at about $62,000. Geneos Wealth Management Inc. grew its holdings in Adams Diversified Equity Fund by 45.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock worth $67,000 after purchasing an additional 1,029 shares during the period. First Command Advisory Services Inc. acquired a new position in Adams Diversified Equity Fund during the fourth quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock valued at $135,000 after buying an additional 576 shares during the period. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 0.5 %

ADX opened at $19.02 on Tuesday. Adams Diversified Equity Fund, Inc. has a 12-month low of $18.36 and a 12-month high of $22.63. The business has a 50 day moving average of $20.02 and a 200-day moving average of $20.78.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend was 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.