Jones Financial Companies Lllp Grows Holdings in Adams Diversified Equity Fund, Inc. $ADX

Jones Financial Companies Lllp increased its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 45.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,064 shares of the closed-end fund’s stock after buying an additional 27,039 shares during the period. Jones Financial Companies Lllp owned about 0.07% of Adams Diversified Equity Fund worth $1,903,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,228,172 shares of the closed-end fund’s stock worth $26,664,000 after purchasing an additional 27,102 shares during the last quarter. Bensler LLC increased its stake in shares of Adams Diversified Equity Fund by 7.8% during the 3rd quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock valued at $20,629,000 after acquiring an additional 67,197 shares during the last quarter. Waterfront Wealth Inc. increased its stake in shares of Adams Diversified Equity Fund by 6.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 440,707 shares of the closed-end fund’s stock valued at $9,568,000 after acquiring an additional 26,709 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Adams Diversified Equity Fund by 1.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 349,282 shares of the closed-end fund’s stock worth $7,583,000 after acquiring an additional 4,316 shares during the period. Finally, GatePass Capital LLC boosted its position in shares of Adams Diversified Equity Fund by 5.8% in the third quarter. GatePass Capital LLC now owns 298,380 shares of the closed-end fund’s stock worth $6,654,000 after acquiring an additional 16,250 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 0.5%

Shares of ADX stock opened at $23.22 on Tuesday. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $23.85. The company has a 50 day moving average price of $23.14 and a 200 day moving average price of $22.61.

Adams Diversified Equity Fund Increases Dividend

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

Adams Diversified Equity Fund Company 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.