Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Bought by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC grew its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,787 shares of the closed-end fund’s stock after acquiring an additional 1,450 shares during the period. Pinion Investment Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock valued at $135,000 after acquiring an additional 576 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Adams Diversified Equity Fund by 1.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 35,519 shares of the closed-end fund’s stock worth $717,000 after buying an additional 608 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Adams Diversified Equity Fund by 6.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,778 shares of the closed-end fund’s stock valued at $238,000 after buying an additional 717 shares during the period. Founders Capital Management LLC grew its stake in shares of Adams Diversified Equity Fund by 8.8% in the fourth quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund’s stock worth $225,000 after acquiring an additional 903 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

ADX opened at $19.71 on Tuesday. The business has a fifty day moving average price of $20.56 and a 200 day moving average price of $21.05. Adams Diversified Equity Fund, Inc. has a 12 month low of $18.36 and a 12 month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.54%. 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.