JPMorgan Chase & Co. Buys 702 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

JPMorgan Chase & Co. grew its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,701 shares of the closed-end fund’s stock after purchasing an additional 702 shares during the period. JPMorgan Chase & Co.’s holdings in Adams Diversified Equity Fund were worth $257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $20,836,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 4.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund’s stock worth $18,917,000 after acquiring an additional 43,340 shares during the last quarter. Bensler LLC boosted its holdings in 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 acquiring an additional 113,940 shares during the period. Waterfront Wealth Inc. grew its position in Adams Diversified Equity Fund by 3.5% in the 4th quarter. Waterfront Wealth Inc. now owns 394,480 shares of the closed-end fund’s stock valued at $7,969,000 after acquiring an additional 13,161 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Adams Diversified Equity Fund by 39.8% in the fourth quarter. Advisors Asset Management Inc. now owns 266,295 shares of the closed-end fund’s stock worth $5,379,000 after purchasing an additional 75,758 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX opened at $19.34 on Friday. The firm has a fifty day moving average price of $18.81 and a 200-day moving average price of $20.23. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.50 and a 12-month high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th will be given a $0.46 dividend. The ex-dividend date is Monday, April 28th. This represents a yield of 10.16%.

Adams Diversified Equity Fund Company 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.