Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 45.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,298 shares of the closed-end fund’s stock after purchasing an additional 1,029 shares during the period. Geneos Wealth Management Inc.’s holdings in Adams Diversified Equity Fund were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the third quarter worth $30,000. Sunbelt Securities Inc. raised its stake in Adams Diversified Equity Fund by 23,200.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after purchasing an additional 2,552 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $62,000. Kingsview Wealth Management LLC purchased a new stake in shares of Adams Diversified Equity Fund during the third quarter worth about $238,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $248,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX opened at $20.48 on Friday. Adams Diversified Equity Fund, Inc. has a 1 year low of $18.15 and a 1 year high of $22.63. The company’s 50 day simple moving average is $20.56 and its 200 day simple moving average is $21.15.

Adams Diversified Equity Fund Cuts Dividend

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

About Adams Diversified Equity Fund

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.