Concorde Asset Management LLC Buys New Position in Adams Diversified Equity Fund, Inc. $ADX

Concorde Asset Management LLC bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,657 shares of the closed-end fund’s stock, valued at approximately $1,013,000. Adams Diversified Equity Fund accounts for approximately 0.6% of Concorde Asset Management LLC’s portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of Adams Diversified Equity Fund in the 2nd quarter worth approximately $8,188,000. UMB Bank n.a. boosted its holdings in Adams Diversified Equity Fund by 8,591.1% during the fourth quarter. UMB Bank n.a. now owns 213,801 shares of the closed-end fund’s stock worth $4,986,000 after buying an additional 211,341 shares in the last quarter. Roberts Glore & Co. Inc. IL acquired a new position in Adams Diversified Equity Fund in the second quarter worth approximately $4,109,000. Independent Financial Group LLC acquired a new position in Adams Diversified Equity Fund in the first quarter worth approximately $3,107,000. Finally, Evolve Private Wealth LLC bought a new position in shares of Adams Diversified Equity Fund in the fourth quarter valued at $1,931,000. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Trading Up 1.0%

Shares of NYSE:ADX opened at $26.04 on Friday. The stock has a fifty day moving average of $25.77 and a 200-day moving average of $24.46. Adams Diversified Equity Fund, Inc. has a one year low of $20.91 and a one year high of $26.56.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, July 27th will be given a $0.50 dividend. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.7%.

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.