Adams Diversified Equity Fund, Inc. $ADX Shares Acquired by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 54.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,347 shares of the closed-end fund’s stock after acquiring an additional 73,780 shares during the period. Adams Diversified Equity Fund accounts for approximately 1.4% of ARQ Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. ARQ Wealth Advisors LLC owned about 0.18% of Adams Diversified Equity Fund worth $4,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its position in Adams Diversified Equity Fund by 21.7% in the third quarter. Penserra Capital Management LLC now owns 295,117 shares of the closed-end fund’s stock valued at $6,581,000 after buying an additional 52,577 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in Adams Diversified Equity Fund by 209.5% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 78,554 shares of the closed-end fund’s stock worth $1,752,000 after buying an additional 53,172 shares during the last quarter. King Luther Capital Management Corp purchased a new position in Adams Diversified Equity Fund during the 3rd quarter worth approximately $1,116,000. Bensler LLC lifted its stake in Adams Diversified Equity Fund by 7.8% during the 3rd quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock valued at $20,629,000 after acquiring an additional 67,197 shares during the period. Finally, Shaker Financial Services LLC acquired a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at approximately $5,286,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.9%

ADX stock opened at $22.74 on Wednesday. Adams Diversified Equity Fund, Inc. has a 12 month low of $16.50 and a 12 month high of $23.85. The firm’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $22.86.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, January 26th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $1.88 annualized dividend and a yield of 8.3%. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.