Readystate Asset Management LP Purchases New Position in Adams Diversified Equity Fund, Inc. $ADX

Readystate Asset Management LP purchased a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,106 shares of the closed-end fund’s stock, valued at approximately $716,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADX. Uniting Wealth Partners LLC increased its holdings in shares of Adams Diversified Equity Fund by 2.1% in the 3rd quarter. Uniting Wealth Partners LLC now owns 21,867 shares of the closed-end fund’s stock valued at $488,000 after acquiring an additional 449 shares during the period. Capstone Financial Advisors Inc. boosted its stake in Adams Diversified Equity Fund by 1.2% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 41,601 shares of the closed-end fund’s stock worth $903,000 after purchasing an additional 485 shares during the period. Blue Trust Inc. grew its position in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Blue Trust Inc. now owns 26,846 shares of the closed-end fund’s stock worth $599,000 after purchasing an additional 550 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in Adams Diversified Equity Fund by 5.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,475 shares of the closed-end fund’s stock valued at $256,000 after purchasing an additional 554 shares during the period. Finally, Uhlmann Price Securities LLC raised its holdings in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Uhlmann Price Securities LLC now owns 32,905 shares of the closed-end fund’s stock valued at $734,000 after buying an additional 676 shares during the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Price Performance

NYSE ADX opened at $23.20 on Thursday. The business’s 50-day moving average price is $23.16 and its 200 day moving average price is $22.68. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, January 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.1%. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.