6 Meridian increased its holdings in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,731 shares of the closed-end fund’s stock after purchasing an additional 7,365 shares during the quarter. 6 Meridian owned 0.13% of Adams Diversified Equity Fund worth $1,960,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealthcare Advisory Partners LLC increased its stake in Adams Diversified Equity Fund by 46.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,865 shares of the closed-end fund’s stock worth $36,000 after purchasing an additional 913 shares in the last quarter. M&T Bank Corp increased its stake in Adams Diversified Equity Fund by 5.2% during the 4th quarter. M&T Bank Corp now owns 19,186 shares of the closed-end fund’s stock worth $242,000 after purchasing an additional 943 shares in the last quarter. D.A. Davidson & CO. increased its stake in Adams Diversified Equity Fund by 1.7% during the 4th quarter. D.A. Davidson & CO. now owns 97,573 shares of the closed-end fund’s stock worth $1,231,000 after purchasing an additional 1,674 shares in the last quarter. Merit Financial Group LLC increased its stake in Adams Diversified Equity Fund by 13.2% during the 4th quarter. Merit Financial Group LLC now owns 18,887 shares of the closed-end fund’s stock worth $238,000 after purchasing an additional 2,197 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Adams Diversified Equity Fund by 6.3% during the 4th quarter. IFP Advisors Inc now owns 48,595 shares of the closed-end fund’s stock worth $609,000 after purchasing an additional 2,895 shares in the last quarter. 15.31% of the stock is owned by institutional investors and hedge funds.

NYSE ADX traded up $0.01 during trading hours on Wednesday, reaching $14.74. 4,119 shares of the company’s stock were exchanged, compared to its average volume of 211,332. Adams Diversified Equity Fund Inc has a one year low of $11.84 and a one year high of $16.82.

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Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a self-managed investment trust. 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 and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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