RFG Bristol Wealth Advisors LLC Invests $1.17 Million in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

RFG Bristol Wealth Advisors 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 58,015 shares of the closed-end fund’s stock, valued at approximately $1,172,000.

A number of other hedge funds have also added to or reduced their stakes in ADX. Walleye Capital LLC bought a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $721,000. World Investment Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter worth $34,599,000. LRI Investments LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at $62,000. RB Capital Management LLC lifted its holdings in shares of Adams Diversified Equity Fund by 1.7% in the 3rd quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock worth $4,102,000 after buying an additional 3,227 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth $935,000. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Stock Performance

ADX stock opened at $19.09 on Wednesday. Adams Diversified Equity Fund, Inc. has a 1-year low of $18.36 and a 1-year high of $22.63. The business has a 50-day moving average price of $19.98 and a 200 day moving average price of $20.76.

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 issued 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 9.85%.

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.