Janney Montgomery Scott LLC Makes New $441,000 Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Janney Montgomery Scott LLC bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) during the 3rd quarter, Holdings Channel reports. The fund bought 30,277 shares of the closed-end fund’s stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also made changes to their positions in ADX. SeaCrest Wealth Management LLC purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at about $30,000. Allworth Financial LP acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $57,000. Csenge Advisory Group acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $207,000. International Assets Investment Management LLC acquired a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $231,000. Finally, NewEdge Advisors LLC grew its position in shares of Adams Diversified Equity Fund by 31.7% in the first quarter. NewEdge Advisors LLC now owns 16,635 shares of the closed-end fund’s stock valued at $306,000 after purchasing an additional 4,000 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Trading Up 0.9 %

ADX stock opened at $15.19 on Tuesday. The company’s 50 day simple moving average is $14.98 and its 200-day simple moving average is $15.53. Adams Diversified Equity Fund, Inc. has a 12 month low of $14.20 and a 12 month high of $18.84.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.32%.

About Adams Diversified Equity Fund

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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.