Allegheny Financial Group LTD Acquires New Shares in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Allegheny Financial Group LTD acquired a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the second quarter, Holdings Channel.com reports. The fund acquired 21,150 shares of the closed-end fund’s stock, valued at approximately $455,000.

Other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Adams Diversified Equity Fund during the 2nd quarter worth about $45,000. Scarborough Advisors LLC purchased a new stake in Adams Diversified Equity Fund in the fourth quarter worth approximately $50,000. Tradewinds Capital Management LLC bought a new position in Adams Diversified Equity Fund during the first quarter valued at approximately $173,000. Great Valley Advisor Group Inc. purchased a new position in shares of Adams Diversified Equity Fund during the second quarter worth approximately $206,000. Finally, Cullen Investment Group LTD. purchased a new stake in shares of Adams Diversified Equity Fund in the 1st quarter valued at $194,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 0.2 %

Shares of NYSE:ADX opened at $21.33 on Tuesday. The company’s fifty day moving average is $21.36 and its 200 day moving average is $20.24. Adams Diversified Equity Fund, Inc. has a 52 week low of $15.81 and a 52 week high of $22.49.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.76 annualized dividend and a yield of 8.25%.

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.