JPMorgan Chase & Co. Boosts Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

JPMorgan Chase & Co. lifted its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 65.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,999 shares of the closed-end fund’s stock after buying an additional 4,741 shares during the period. JPMorgan Chase & Co.’s holdings in Adams Diversified Equity Fund were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Creative Planning increased its stake in Adams Diversified Equity Fund by 5.0% in the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock worth $286,000 after purchasing an additional 633 shares during the period. Sage Capital Advisors llc increased its stake in shares of Adams Diversified Equity Fund by 3.6% in the third quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after buying an additional 885 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after buying an additional 950 shares during the last quarter. Financial Counselors Inc. boosted its position in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after buying an additional 950 shares during the period. Finally, Concorde Asset Management LLC grew its holdings in Adams Diversified Equity Fund by 9.4% in the 3rd quarter. Concorde Asset Management LLC now owns 13,289 shares of the closed-end fund’s stock worth $287,000 after acquiring an additional 1,139 shares during the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Down 0.2 %

Shares of NYSE:ADX opened at $20.48 on Friday. The company has a 50-day moving average price of $20.56 and a 200-day moving average price of $21.15. Adams Diversified Equity Fund, Inc. has a 12 month low of $18.15 and a 12 month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.18%. The ex-dividend date is Monday, January 27th.

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.