Legacy Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,750 shares of the closed-end fund’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its stake in shares of Adams Diversified Equity Fund by 46.8% during the fourth 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. Advisors Asset Management Inc. acquired a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth about $169,000. Envestnet Asset Management Inc. acquired a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $226,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth about $179,000. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of Adams Diversified Equity Fund by 116.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 15,291 shares of the closed-end fund’s stock worth $193,000 after acquiring an additional 8,239 shares in the last quarter. Institutional investors own 15.31% of the company’s stock.

NYSE:ADX opened at $14.73 on Wednesday. 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 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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