LPL Financial LLC raised its holdings in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,444 shares of the closed-end fund’s stock after acquiring an additional 23,661 shares during the quarter. LPL Financial LLC’s holdings in Adams Diversified Equity Fund were worth $1,053,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ADX. FDx Advisors Inc. bought a new position in Adams Diversified Equity Fund in the fourth quarter worth approximately $453,000. Quad Cities Investment Group LLC increased its position in shares of Adams Diversified Equity Fund by 32.5% during the fourth quarter. Quad Cities Investment Group LLC now owns 25,242 shares of the closed-end fund’s stock worth $318,000 after purchasing an additional 6,191 shares in the last quarter. M&T Bank Corp increased its position in shares of Adams Diversified Equity Fund by 5.2% during the fourth 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. Intercontinental Wealth Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth $179,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth $169,000. 16.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of ADX stock opened at $14.30 on Friday. Adams Diversified Equity Fund Inc has a 12-month low of $11.84 and a 12-month high of $16.82.

The firm also recently declared a special dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.02 per share. This represents a dividend yield of 0.88%. The ex-dividend date was Thursday, February 14th.

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About Adams Diversified Equity Fund

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.

Further Reading: Stock Symbols and CUSIP Explained

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

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