Wealth Enhancement Advisory Services LLC Boosts Position in Adams Diversified Equity Fund, Inc. $ADX

Wealth Enhancement Advisory Services LLC lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 428,357 shares of the closed-end fund’s stock after buying an additional 14,834 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.36% of Adams Diversified Equity Fund worth $9,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in Adams Diversified Equity Fund in the 1st quarter worth about $43,000. UMB Bank n.a. bought a new position in Adams Diversified Equity Fund in the 1st quarter worth about $46,000. CWM LLC increased its stake in Adams Diversified Equity Fund by 52.5% in the 1st quarter. CWM LLC now owns 2,418 shares of the closed-end fund’s stock worth $46,000 after acquiring an additional 832 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in Adams Diversified Equity Fund in the 1st quarter worth about $100,000. Finally, Virtu Financial LLC bought a new position in Adams Diversified Equity Fund in the 1st quarter worth about $203,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Up 0.2%

Shares of ADX opened at $22.44 on Tuesday. The stock has a 50 day simple moving average of $21.81 and a two-hundred day simple moving average of $20.48. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, July 28th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.84 annualized dividend and a dividend yield of 8.2%.

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.