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2023-04-10 17:22
MGO One Seven LLC grew its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,574 shares of the closed-end fund's stock after purchasing an additional 679 shares during the quarter. MGO One Seven LLC's holdings in Adams Diversified Equity Fund were worth $168,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Adams Diversified Equity Fund by 75.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,418,732 shares of the closed-end fund's stock valued at $20,628,000 after purchasing an additional 611,675 shares during the period. Clough Capital Partners L P bought a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at $2,980,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Adams Diversified Equity Fund by 139,875.2% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 158,172 shares of the closed-end fund's stock worth $2,304,000 after acquiring an additional 158,059 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Adams Diversified Equity Fund by 430.9% in the third quarter. Wolverine Asset Management LLC now owns 156,068 shares of the closed-end fund's stock worth $2,273,000 after purchasing an additional 126,670 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Adams Diversified Equity Fund by 76.8% during the third quarter. Commonwealth Equity Services LLC now owns 268,752 shares of the closed-end fund's stock valued at $3,915,000 after purchasing an additional 116,707 shares during the period. Institutional investors own 18.76% of the company's stock.
Get Adams Diversified Equity Fund alerts:In other news, Director Mary Chris Jammet bought 1,940 shares of the company's stock in a transaction that occurred on Friday, January 27th. The shares were purchased at an average price of $15.46 per share, with a total value of $29,992.40. Following the completion of the acquisition, the director now directly owns 7,833 shares in the company, valued at $121,098.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.
Shares of NYSE ADX opened at $15.60 on Monday. The firm's 50-day simple moving average is $15.38 and its 200 day simple moving average is $15.18. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $18.38.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 9th.
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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company's business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.
Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating).
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