Raymond James & Associates Purchases 1,640 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Raymond James & Associates lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,727 shares of the closed-end fund’s stock after buying an additional 1,640 shares during the quarter. Raymond James & Associates owned about 0.23% of Adams Diversified Equity Fund worth $3,740,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $30,000. Allworth Financial LP bought a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $57,000. Csenge Advisory Group bought a new stake in Adams Diversified Equity Fund during the third quarter worth approximately $207,000. International Assets Investment Management LLC bought a new stake in Adams Diversified Equity Fund during the second quarter worth approximately $231,000. Finally, NewEdge Advisors LLC boosted its position in Adams Diversified Equity Fund by 31.7% during the first quarter. NewEdge Advisors LLC now owns 16,635 shares of the closed-end fund’s stock worth $306,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 18.76% of the company’s stock.

Adams Diversified Equity Fund Stock Down 1.6 %

Shares of Adams Diversified Equity Fund stock opened at $14.86 on Thursday. The stock has a 50 day moving average price of $15.04 and a two-hundred day moving average price of $15.55. Adams Diversified Equity Fund, Inc. has a 12-month low of $14.20 and a 12-month high of $18.86.

Adams Diversified Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Monday, November 21st were given a dividend of $0.92 per share. The ex-dividend date was Friday, November 18th. This represents a $3.68 dividend on an annualized basis and a yield of 24.76%. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.05.

About Adams Diversified Equity Fund

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Adams Diversified Equity Fund, Inc is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability.