Waterfront Wealth Inc. Has $7.07 Million Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Waterfront Wealth Inc. boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 399,216 shares of the closed-end fund’s stock after purchasing an additional 2,017 shares during the period. Adams Diversified Equity Fund comprises about 2.1% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 5th biggest position. Waterfront Wealth Inc. owned 0.33% of Adams Diversified Equity Fund worth $7,070,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ADX. Mercer Global Advisors Inc. ADV increased its position in Adams Diversified Equity Fund by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 27,020 shares of the closed-end fund’s stock valued at $454,000 after acquiring an additional 584 shares in the last quarter. Deutsche Bank AG increased its position in Adams Diversified Equity Fund by 6.1% in the 4th quarter. Deutsche Bank AG now owns 12,367 shares of the closed-end fund’s stock valued at $180,000 after acquiring an additional 714 shares in the last quarter. SMH Capital Advisors Inc. increased its position in Adams Diversified Equity Fund by 3.7% in the 4th quarter. SMH Capital Advisors Inc. now owns 21,951 shares of the closed-end fund’s stock valued at $319,000 after acquiring an additional 792 shares in the last quarter. Harbour Investments Inc. increased its position in Adams Diversified Equity Fund by 4.7% in the 4th quarter. Harbour Investments Inc. now owns 17,989 shares of the closed-end fund’s stock valued at $262,000 after acquiring an additional 814 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its position in Adams Diversified Equity Fund by 0.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 120,226 shares of the closed-end fund’s stock valued at $1,748,000 after acquiring an additional 831 shares in the last quarter. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Stock Down 0.5 %

Shares of NYSE:ADX traded down $0.10 during trading on Wednesday, hitting $18.74. 102,797 shares of the company’s stock were exchanged, compared to its average volume of 176,375. Adams Diversified Equity Fund, Inc. has a 1-year low of $15.30 and a 1-year high of $19.60. The firm has a 50-day moving average price of $19.11 and a two-hundred day moving average price of $17.90.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, February 8th.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.