Allegheny Financial Group LTD Makes New Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Allegheny Financial Group LTD bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,677 shares of the closed-end fund’s stock, valued at approximately $52,000.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James & Associates grew its position in shares of Adams Diversified Equity Fund by 7.3% during the fourth quarter. Raymond James & Associates now owns 796,866 shares of the closed-end fund’s stock worth $15,467,000 after purchasing an additional 54,413 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Adams Diversified Equity Fund by 15.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 676,408 shares of the closed-end fund’s stock worth $13,129,000 after purchasing an additional 90,638 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in shares of Adams Diversified Equity Fund by 12.0% during the fourth quarter. Dubuque Bank & Trust Co. now owns 644,862 shares of the closed-end fund’s stock worth $12,516,000 after purchasing an additional 69,294 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Adams Diversified Equity Fund during the fourth quarter worth about $11,668,000. Finally, Bank of America Corp DE grew its position in shares of Adams Diversified Equity Fund by 11.8% during the fourth quarter. Bank of America Corp DE now owns 469,118 shares of the closed-end fund’s stock worth $9,105,000 after purchasing an additional 49,433 shares in the last quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

NYSE:ADX opened at $17.45 on Thursday. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.52 and a 12-month high of $22.33. The stock has a 50-day moving average price of $17.80 and a 200 day moving average price of $18.77.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Wednesday, May 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, May 17th.

Adams Diversified Equity Fund Company Profile (Get Rating)

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability.

Featured Stories

Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADXGet Rating).

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.