Choreo LLC Acquires 8,143 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Choreo LLC boosted its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,807 shares of the closed-end fund’s stock after purchasing an additional 8,143 shares during the period. Choreo LLC’s holdings in Adams Diversified Equity Fund were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADX. Founders Capital Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 8.8% in the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund’s stock valued at $225,000 after acquiring an additional 903 shares during the last quarter. Bensler LLC increased its stake in 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 worth $14,084,000 after purchasing an additional 113,940 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 4th quarter worth approximately $230,000. Geneos Wealth Management Inc. lifted its position in Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock valued at $67,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Adams Diversified Equity Fund by 22.4% during the fourth quarter. Fifth Third Bancorp now owns 43,083 shares of the closed-end fund’s stock valued at $870,000 after purchasing an additional 7,872 shares during the period. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Down 0.8 %

Shares of NYSE ADX opened at $20.48 on Monday. The firm’s fifty day moving average is $20.57 and its 200 day moving average is $21.08. Adams Diversified Equity Fund, Inc. has a 52 week low of $18.33 and a 52 week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

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