Raymond James Financial Inc. Makes New Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Raymond James Financial Inc. purchased a new position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,031,487 shares of the closed-end fund’s stock, valued at approximately $20,836,000. Raymond James Financial Inc. owned 0.83% of Adams Diversified Equity Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADX. World Investment Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter worth approximately $34,599,000. Landscape Capital Management L.L.C. raised its position in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after purchasing an additional 398,729 shares in the last quarter. Bensler LLC raised its position in shares of Adams Diversified Equity Fund by 19.5% in the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock valued at $14,084,000 after purchasing an additional 113,940 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Adams Diversified Equity Fund by 353.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock valued at $2,915,000 after purchasing an additional 112,482 shares in the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at approximately $2,225,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 2.2 %

Shares of ADX opened at $19.02 on Monday. The business’s 50 day moving average is $20.32 and its two-hundred day moving average is $20.92. Adams Diversified Equity Fund, Inc. has a 52-week low of $18.36 and a 52-week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date of this dividend was Monday, January 27th.

Adams Diversified Equity Fund Company Profile

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.