Kane Investment Management Inc. Makes New $566,000 Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Kane Investment Management Inc. acquired a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 4th quarter, Holdings Channel.com reports. The firm acquired 28,009 shares of the closed-end fund’s stock, valued at approximately $566,000.

Several other institutional investors have also modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the 3rd quarter worth approximately $1,642,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Adams Diversified Equity Fund during the third quarter worth $935,000. JPMorgan Chase & Co. raised its holdings in shares of Adams Diversified Equity Fund by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund’s stock worth $259,000 after acquiring an additional 4,741 shares during the period. Quad Cities Investment Group LLC lifted its position in Adams Diversified Equity Fund by 9.5% in the 4th quarter. Quad Cities Investment Group LLC now owns 25,369 shares of the closed-end fund’s stock valued at $512,000 after acquiring an additional 2,191 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Adams Diversified Equity Fund by 28.8% in the 4th quarter. Park Avenue Securities LLC now owns 19,638 shares of the closed-end fund’s stock worth $397,000 after purchasing an additional 4,389 shares during the period. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 1.3 %

ADX stock opened at $18.58 on Tuesday. The stock has a 50-day moving average price of $19.40 and a two-hundred day moving average price of $20.52. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.12%.

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.