First Command Advisory Services Inc. Acquires Shares of 4,420 Adams Diversified Equity Fund, Inc. (NYSE:ADX)

First Command Advisory Services Inc. acquired a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,420 shares of the closed-end fund’s stock, valued at approximately $89,000.

Other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock valued at $4,108,000 after purchasing an additional 26,936 shares in the last quarter. HTLF Bank grew its holdings in shares of Adams Diversified Equity Fund by 6.4% in the 4th quarter. HTLF Bank now owns 246,496 shares of the closed-end fund’s stock worth $4,979,000 after acquiring an additional 14,775 shares during the last quarter. Walleye Capital LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $721,000. Mezzasalma Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth about $419,000. Finally, Bensler LLC boosted its stake in Adams Diversified Equity Fund by 19.5% during 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 during the period. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX opened at $19.81 on Friday. The business has a 50 day moving average price of $20.58 and a 200 day moving average price of $21.05. Adams Diversified Equity Fund, Inc. has a twelve month low of $18.36 and a twelve month 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. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.49%.

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.