Dubuque Bank & Trust Co. raised its stake in Adams Diversified Equity Fund Inc (NYSE:ADX) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 723,094 shares of the closed-end fund’s stock after purchasing an additional 49,674 shares during the quarter. Adams Diversified Equity Fund comprises approximately 1.7% of Dubuque Bank & Trust Co.’s portfolio, making the stock its 15th biggest position. Dubuque Bank & Trust Co.’s holdings in Adams Diversified Equity Fund were worth $11,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. lifted its position in shares of Adams Diversified Equity Fund by 73.5% in the third quarter. TCI Wealth Advisors Inc. now owns 3,558 shares of the closed-end fund’s stock valued at $56,000 after acquiring an additional 1,507 shares in the last quarter. Carroll Financial Associates Inc. purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $83,000. NEXT Financial Group Inc increased its position in Adams Diversified Equity Fund by 235.6% during the 3rd quarter. NEXT Financial Group Inc now owns 6,125 shares of the closed-end fund’s stock worth $97,000 after purchasing an additional 4,300 shares in the last quarter. Millennium Management LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at about $164,000. Finally, SMH Capital Advisors Inc. raised its stake in Adams Diversified Equity Fund by 10.6% in the 3rd quarter. SMH Capital Advisors Inc. now owns 13,033 shares of the closed-end fund’s stock valued at $206,000 after purchasing an additional 1,252 shares during the last quarter. 13.62% of the stock is owned by institutional investors.

NYSE:ADX traded up $0.03 on Tuesday, reaching $16.02. The stock had a trading volume of 291,971 shares, compared to its average volume of 376,534. Adams Diversified Equity Fund Inc has a 12-month low of $13.23 and a 12-month high of $16.76. The firm’s fifty day moving average is $15.69 and its two-hundred day moving average is $15.78.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, November 25th were paid a dividend of $0.09 per share. This is a boost from Adams Diversified Equity Fund’s previous quarterly dividend of $0.05. This represents a $0.36 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, November 22nd.

Adams Diversified Equity Fund 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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