155,000 Shares in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Purchased by Karpus Management Inc.

Karpus Management Inc. purchased a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADXFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 155,000 shares of the closed-end fund’s stock, valued at approximately $2,745,000.

Other hedge funds have also added to or reduced their stakes in the company. Global Endowment Management LP boosted its holdings in Adams Diversified Equity Fund by 6.8% during the 4th quarter. Global Endowment Management LP now owns 67,979 shares of the closed-end fund’s stock worth $1,204,000 after acquiring an additional 4,302 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Adams Diversified Equity Fund by 0.6% during the fourth quarter. D.A. Davidson & CO. now owns 139,217 shares of the closed-end fund’s stock worth $2,466,000 after purchasing an additional 869 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its holdings in Adams Diversified Equity Fund by 6.8% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,430 shares of the closed-end fund’s stock worth $238,000 after purchasing an additional 850 shares during the last quarter. FCA Corp TX grew its position in Adams Diversified Equity Fund by 2.4% in the 4th quarter. FCA Corp TX now owns 225,210 shares of the closed-end fund’s stock worth $3,988,000 after purchasing an additional 5,213 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its stake in Adams Diversified Equity Fund by 0.6% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 133,716 shares of the closed-end fund’s stock valued at $2,368,000 after buying an additional 811 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE ADX opened at $20.69 on Friday. The stock’s 50 day moving average price is $19.58 and its 200-day moving average price is $18.65. Adams Diversified Equity Fund, Inc. has a twelve month low of $15.81 and a twelve month high of $20.99.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.05 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 0.97%.

About Adams Diversified Equity Fund

(Free Report)

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.

Further Reading

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

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