LPL Financial LLC lifted its position in Adams Diversified Equity Fund Inc (NYSE:ADX) by 39.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,444 shares of the closed-end fund’s stock after buying an additional 23,661 shares during the period. LPL Financial LLC owned approximately 0.08% of Adams Diversified Equity Fund worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth $169,000. Envestnet Asset Management Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth $226,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth $179,000. TCI Wealth Advisors Inc. boosted its stake in shares of Adams Diversified Equity Fund by 116.8% in the 4th quarter. TCI Wealth Advisors Inc. now owns 15,291 shares of the closed-end fund’s stock worth $193,000 after buying an additional 8,239 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth $262,000. Hedge funds and other institutional investors own 16.13% of the company’s stock.

ADX stock opened at $14.30 on Friday. Adams Diversified Equity Fund Inc has a 1 year low of $11.84 and a 1 year high of $16.82.

The business also recently announced a special dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a yield of 0.88%.

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Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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

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