ARQ Wealth Advisors LLC Purchases 7,888 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

ARQ Wealth Advisors LLC lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,059 shares of the closed-end fund’s stock after acquiring an additional 7,888 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Karpus Management Inc. purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth about $2,745,000. Global Endowment Management LP boosted its holdings in shares of Adams Diversified Equity Fund by 6.8% in the 4th quarter. Global Endowment Management LP now owns 67,979 shares of the closed-end fund’s stock worth $1,204,000 after buying an additional 4,302 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Adams Diversified Equity Fund by 0.6% in the 4th quarter. D.A. Davidson & CO. now owns 139,217 shares of the closed-end fund’s stock worth $2,466,000 after buying an additional 869 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Adams Diversified Equity Fund by 6.8% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,430 shares of the closed-end fund’s stock worth $238,000 after buying an additional 850 shares during the last quarter. Finally, FCA Corp TX boosted its holdings in shares of Adams Diversified Equity Fund by 2.4% in the 4th quarter. FCA Corp TX now owns 225,210 shares of the closed-end fund’s stock worth $3,988,000 after buying an additional 5,213 shares during the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

NYSE ADX traded up $0.13 during trading on Friday, hitting $21.30. 149,724 shares of the company’s stock traded hands, compared to its average volume of 151,909. Adams Diversified Equity Fund, Inc. has a 12-month low of $15.81 and a 12-month high of $21.34. The business has a 50 day moving average of $19.75 and a 200-day moving average of $18.81.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, May 16th.

About Adams Diversified Equity Fund

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.