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

Pinion Investment Advisors LLC boosted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,787 shares of the closed-end fund’s stock after buying 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.

Several other large investors also recently added to or reduced their stakes in ADX. World Investment Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at about $34,599,000. Landscape Capital Management L.L.C. grew its stake in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after buying an additional 398,729 shares during the period. Shaker Financial Services LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $4,446,000. Bensler LLC raised its position in shares of Adams Diversified Equity Fund by 19.5% during the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock valued at $14,084,000 after buying an additional 113,940 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Adams Diversified Equity Fund by 353.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock valued at $2,915,000 after acquiring an additional 112,482 shares during the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Price Performance

ADX stock opened at $19.71 on Tuesday. Adams Diversified Equity Fund, Inc. has a 52-week low of $18.36 and a 52-week high of $22.63. The business has a fifty day moving average of $20.56 and a two-hundred day moving average of $21.05.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 9.54%.

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.