First Command Advisory Services Inc. Invests $89,000 in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

First Command Advisory Services Inc. acquired a new position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,420 shares of the closed-end fund’s stock, valued at approximately $89,000.

Several other hedge funds have also modified their holdings of the stock. Atria Wealth Solutions Inc. raised its holdings in shares of Adams Diversified Equity Fund by 1.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 35,519 shares of the closed-end fund’s stock valued at $717,000 after buying an additional 608 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Adams Diversified Equity Fund by 6.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,778 shares of the closed-end fund’s stock valued at $238,000 after buying an additional 717 shares during the period. Founders Capital Management LLC raised its holdings in shares of Adams Diversified Equity Fund by 8.8% during the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund’s stock valued at $225,000 after buying an additional 903 shares during the period. Financial Counselors Inc. raised its holdings in shares of Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after buying an additional 950 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 buying an additional 1,029 shares during the period. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Trading Down 1.6 %

Shares of NYSE:ADX opened at $19.81 on Friday. Adams Diversified Equity Fund, Inc. has a one year low of $18.36 and a one year high of $22.63. The business’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $21.05.

Adams Diversified Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 9.49%.

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.