Adams Diversified Equity Fund, Inc. (ADX) Position Boosted by IFP Advisors Inc
IFP Advisors Inc boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 47,402 shares of the closed-end fund’s stock after buying an additional 338 shares during the period. IFP Advisors Inc’s holdings in Adams Diversified Equity Fund were worth $677,000 as of its most recent filing with the SEC.
Separately, Janney Montgomery Scott LLC purchased a new position in Adams Diversified Equity Fund during the second quarter worth approximately $143,000. 21.37% of the stock is owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund, Inc. (NYSE:ADX) opened at 14.49 on Friday. The firm has a 50-day moving average of $14.58 and a 200-day moving average of $14.01. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.13 and a beta of 1.08. Adams Diversified Equity Fund, Inc. has a 52-week low of $12.33 and a 52-week high of $14.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%.
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Adams Diversified Equity Fund Company Profile
Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.
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