Adams Diversified Equity Fund, Inc. (NYSE:ADX) Plans $0.46 Quarterly Dividend

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, November 13th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.46 per share by the closed-end fund on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, November 21st.

Adams Diversified Equity Fund Trading Down 0.4%

Shares of NYSE:ADX traded down $0.08 on Friday, hitting $23.31. 120,916 shares of the company’s stock were exchanged, compared to its average volume of 279,944. Adams Diversified Equity Fund has a 1-year low of $16.50 and a 1-year high of $23.73. The firm’s 50-day moving average is $22.59 and its 200 day moving average is $21.56.

Institutional Trading of Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $28,000. IFP Advisors Inc boosted its stake in Adams Diversified Equity Fund by 76.1% in the second quarter. IFP Advisors Inc now owns 1,620 shares of the closed-end fund’s stock valued at $35,000 after acquiring an additional 700 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Adams Diversified Equity Fund during the first quarter worth about $43,000. CWM LLC increased its position in shares of Adams Diversified Equity Fund by 52.5% during the first quarter. CWM LLC now owns 2,418 shares of the closed-end fund’s stock worth $46,000 after purchasing an additional 832 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Adams Diversified Equity Fund by 325.2% in the 2nd quarter. Sound Income Strategies LLC now owns 2,615 shares of the closed-end fund’s stock valued at $57,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

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.