Janney Montgomery Scott LLC Boosts Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Janney Montgomery Scott LLC lifted its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,364 shares of the closed-end fund’s stock after purchasing an additional 5,720 shares during the period. Janney Montgomery Scott LLC’s holdings in Adams Diversified Equity Fund were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the third quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in Adams Diversified Equity Fund during the third quarter worth $62,000. Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund during the third quarter valued at $238,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $248,000. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Adams Diversified Equity Fund by 23.0% during the third quarter. Great Valley Advisor Group Inc. now owns 11,755 shares of the closed-end fund’s stock worth $254,000 after purchasing an additional 2,196 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

ADX opened at $20.60 on Thursday. Adams Diversified Equity Fund, Inc. has a twelve month low of $18.33 and a twelve month high of $22.63. The company has a 50-day moving average price of $20.56 and a 200 day moving average price of $21.10.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be given a $0.47 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 9.13%.

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.