Uniting Wealth Partners LLC Invests $593,000 in Adams Diversified Equity Fund, Inc. $ADX

Uniting Wealth Partners LLC acquired a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,192 shares of the closed-end fund’s stock, valued at approximately $593,000.

A number of other hedge funds also recently made changes to their positions in ADX. Independent Financial Group LLC purchased a new stake in Adams Diversified Equity Fund during the first quarter valued at about $3,107,000. Bensler LLC lifted its stake in Adams Diversified Equity Fund by 6.8% during the fourth quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock worth $23,034,000 after purchasing an additional 62,665 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Adams Diversified Equity Fund by 4.7% in the 1st quarter. Royal Bank of Canada now owns 980,325 shares of the closed-end fund’s stock worth $21,459,000 after purchasing an additional 44,446 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth about $212,000. Finally, Roberts Glore & Co. Inc. IL increased its position in shares of Adams Diversified Equity Fund by 4.4% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 144,674 shares of the closed-end fund’s stock valued at $3,374,000 after purchasing an additional 6,124 shares during the last quarter. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $26.29 on Monday. Adams Diversified Equity Fund, Inc. has a 1-year low of $20.91 and a 1-year high of $26.56. The stock’s 50-day moving average is $25.59 and its 200 day moving average is $24.29.

Adams Diversified Equity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, July 27th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, July 27th. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 7.6%.

About Adams Diversified Equity Fund

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.