West Bancorporation Inc. Acquires Shares of 36,090 Adams Diversified Equity Fund, Inc. $ADX

West Bancorporation Inc. bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,090 shares of the closed-end fund’s stock, valued at approximately $805,000.

A number of other hedge funds have also modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of Adams Diversified Equity Fund by 76.1% in the second quarter. IFP Advisors Inc now owns 1,620 shares of the closed-end fund’s stock worth $35,000 after buying an additional 700 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Adams Diversified Equity Fund by 325.2% in the 2nd quarter. Sound Income Strategies LLC now owns 2,615 shares of the closed-end fund’s stock valued at $57,000 after acquiring an additional 2,000 shares during the last quarter. Fortitude Family Office LLC purchased a new position in Adams Diversified Equity Fund in the 2nd quarter worth approximately $63,000. CWM LLC boosted its holdings in shares of Adams Diversified Equity Fund by 27.3% during the 3rd quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock worth $80,000 after purchasing an additional 773 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter valued at approximately $198,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Down 0.2%

NYSE:ADX opened at $23.37 on Thursday. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $23.85. The stock has a 50 day moving average price of $23.04 and a 200 day moving average price of $22.36.

Adams Diversified Equity Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, November 21st were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.9%.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.