Choreo LLC Increases Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Choreo LLC raised its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,807 shares of the closed-end fund’s stock after purchasing an additional 8,143 shares during the quarter. Choreo LLC’s holdings in Adams Diversified Equity Fund were worth $908,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Founders Capital Management LLC boosted its stake in shares of Adams Diversified Equity Fund by 8.8% during the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund’s stock valued at $225,000 after purchasing an additional 903 shares in the last quarter. Bensler LLC lifted its holdings in Adams Diversified Equity Fund by 19.5% in the fourth quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock worth $14,084,000 after buying an additional 113,940 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Adams Diversified Equity Fund during the 4th quarter valued at approximately $230,000. Geneos Wealth Management Inc. grew its holdings in shares of Adams Diversified Equity Fund by 45.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock worth $67,000 after acquiring an additional 1,029 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Adams Diversified Equity Fund by 22.4% in the 4th quarter. Fifth Third Bancorp now owns 43,083 shares of the closed-end fund’s stock worth $870,000 after acquiring an additional 7,872 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Stock Performance

ADX opened at $20.48 on Monday. The business has a 50 day moving average of $20.57 and a 200-day moving average of $21.08. Adams Diversified Equity Fund, Inc. has a 52 week low of $18.33 and a 52 week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend 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.