Cannon Advisors Inc. Has $481,000 Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Cannon Advisors Inc. raised its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,820 shares of the closed-end fund’s stock after purchasing an additional 1,406 shares during the quarter. Cannon Advisors Inc.’s holdings in Adams Diversified Equity Fund were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. CIBC Private Wealth Group LLC acquired a new position in Adams Diversified Equity Fund during the fourth quarter valued at $31,000. LRI Investments LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Geneos Wealth Management Inc. grew its stake in Adams Diversified Equity Fund by 45.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock valued at $67,000 after acquiring an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock worth $135,000 after purchasing an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.5 %

Shares of ADX opened at $19.02 on Tuesday. The company’s 50 day moving average price is $20.02 and its 200 day moving average price is $20.78. Adams Diversified Equity Fund, Inc. has a 52 week low of $18.36 and a 52 week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date was Monday, January 27th.

Adams Diversified Equity Fund Company Profile

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.