Raymond James Financial Inc. Invests $20.84 Million in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Raymond James Financial Inc. bought a new stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,031,487 shares of the closed-end fund’s stock, valued at approximately $20,836,000.

Several other large investors have also recently bought and sold shares of ADX. Envestnet Asset Management Inc. bought a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth about $464,000. Wells Fargo & Company MN grew its position in Adams Diversified Equity Fund by 36.9% during the fourth quarter. Wells Fargo & Company MN now owns 187,221 shares of the closed-end fund’s stock worth $3,782,000 after buying an additional 50,432 shares in the last quarter. Uniting Wealth Partners LLC bought a new position in Adams Diversified Equity Fund during the fourth quarter valued at about $384,000. RFG Bristol Wealth Advisors LLC acquired a new position in Adams Diversified Equity Fund in the 4th quarter valued at approximately $1,172,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Adams Diversified Equity Fund by 6.6% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 83,059 shares of the closed-end fund’s stock worth $1,653,000 after acquiring an additional 5,176 shares during the period. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Performance

ADX opened at $18.16 on Friday. The stock’s 50 day simple moving average is $19.21 and its 200-day simple moving average is $20.43. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.63.

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.