Janney Montgomery Scott LLC Buys New Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Janney Montgomery Scott LLC acquired a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,277 shares of the closed-end fund’s stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADX. Integrated Wealth Concepts LLC raised its holdings in Adams Diversified Equity Fund by 607.9% during the second quarter. Integrated Wealth Concepts LLC now owns 267,099 shares of the closed-end fund’s stock worth $4,097,000 after purchasing an additional 229,370 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of Adams Diversified Equity Fund by 53.6% in the 2nd quarter. Shaker Financial Services LLC now owns 430,758 shares of the closed-end fund’s stock valued at $6,608,000 after acquiring an additional 150,259 shares during the period. Hightower 6M Holding LLC acquired a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at $1,229,000. Advisory Services Network LLC increased its holdings in shares of Adams Diversified Equity Fund by 178.2% in the 2nd quarter. Advisory Services Network LLC now owns 119,819 shares of the closed-end fund’s stock valued at $1,838,000 after acquiring an additional 76,746 shares during the period. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Adams Diversified Equity Fund by 158.8% in the 2nd quarter. Cetera Advisor Networks LLC now owns 120,347 shares of the closed-end fund’s stock valued at $1,847,000 after acquiring an additional 73,850 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.9 %

Shares of Adams Diversified Equity Fund stock opened at $15.19 on Tuesday. The firm’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $15.53. Adams Diversified Equity Fund, Inc. has a 12 month low of $14.20 and a 12 month high of $18.84.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be issued a $0.05 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%.

Adams Diversified Equity Fund Profile

(Get Rating)

The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.

Read More

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

Receive News & Ratings for Adams Diversified Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.