Adams Diversified Equity Fund, Inc. (NYSE:ADX) is Waterfront Wealth Inc.’s 6th Largest Position

Waterfront Wealth Inc. lifted its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,480 shares of the closed-end fund’s stock after purchasing an additional 13,161 shares during the period. Adams Diversified Equity Fund comprises about 1.9% of Waterfront Wealth Inc.’s portfolio, making the stock its 6th largest holding. Waterfront Wealth Inc.’s holdings in Adams Diversified Equity Fund were worth $7,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. World Investment Advisors LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth approximately $34,599,000. Bensler LLC boosted its holdings in shares of Adams Diversified Equity Fund by 19.5% during the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock worth $14,084,000 after purchasing an additional 113,940 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of Adams Diversified Equity Fund by 2,789.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after purchasing an additional 398,729 shares during the last quarter. HTLF Bank boosted its holdings in shares of Adams Diversified Equity Fund by 6.4% during the 4th quarter. HTLF Bank now owns 246,496 shares of the closed-end fund’s stock worth $4,979,000 after purchasing an additional 14,775 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 18.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 217,882 shares of the closed-end fund’s stock worth $4,401,000 after purchasing an additional 34,691 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock opened at $20.81 on Friday. The stock’s 50 day simple moving average is $20.59 and its 200-day simple moving average is $21.05. Adams Diversified Equity Fund, Inc. has a 1-year low of $18.36 and a 1-year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date of this dividend is Monday, January 27th.

Adams Diversified Equity Fund 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.