FCA Corp TX Has $3.66 Million Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

FCA Corp TX boosted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 181,158 shares of the closed-end fund’s stock after purchasing an additional 9,545 shares during the period. FCA Corp TX’s holdings in Adams Diversified Equity Fund were worth $3,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADX. Thrivent Financial for Lutherans raised its holdings in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Thrivent Financial for Lutherans now owns 101,313 shares of the closed-end fund’s stock valued at $2,184,000 after purchasing an additional 2,051 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Adams Diversified Equity Fund by 16.5% during the third 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 during the period. Great Valley Advisor Group Inc. raised its holdings in shares of Adams Diversified Equity Fund by 23.0% during the third quarter. Great Valley Advisor Group Inc. now owns 11,755 shares of the closed-end fund’s stock valued at $254,000 after purchasing an additional 2,196 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter valued at about $238,000. Finally, Financial Counselors Inc. raised its holdings in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

ADX opened at $19.11 on Friday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $22.63. The company’s 50-day moving average is $20.19 and its 200 day moving average is $20.84.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.84%.

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.