Mezzasalma Advisors LLC Invests $419,000 in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Mezzasalma Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 20,726 shares of the closed-end fund’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADX. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth $62,000. Geneos Wealth Management Inc. lifted its holdings in Adams Diversified Equity Fund by 45.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock worth $67,000 after buying an additional 1,029 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter valued at about $238,000. Finally, Founders Capital Management LLC grew its stake in shares of Adams Diversified Equity Fund by 8.8% during the fourth 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 in the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Trading Down 0.8 %

NYSE:ADX opened at $20.48 on Friday. Adams Diversified Equity Fund, Inc. has a one year low of $18.33 and a one year high of $22.63. The business’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $21.10.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced 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 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.