Adams Diversified Equity Fund Inc (ADX)
NYSE NYSE Primary 
ADX: Big 8% Yield, Big Discount To NAV (Tender Offer)
The Adams Diversified Equity Fund just increased its annual distribution yield to 8%, plus it trades at a large discount to NAV (attractive). It also just initiated a tender offer (at 98% of NAV) designed to increase shareholder value (and it's been working--and we expect the fund to continue to outperform through year-end). We review the fund (i.e. price discount, initiatives to enhance shareholder value, interest from activist investor Saba Capital and more), and then conclude with our strong opinion on investing.
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
ADX: Opportunity Exists
Adams Diversified Equity Fund has seen its discount narrow after announcing an increase in its managed distribution policy and tender offer. ADX's new distribution policy should offer investors a more smoothed-out distribution throughout the year each quarter. The fund's correlation with the S&P 500 Index presents an opportunity for alpha through the tender offer, but as always, there are risks to consider.
4 Closed-End Fund Buys In The Month Of May 2024
The overall broader indexes were heading higher after April's rather brief and shallow pullback. There was a bit more volatility toward the end of the month, which will be interesting to see if that develops into anything more material. Every month I make some purchases to compound and grow my monthly cash flow over time.
3 Ways for Investors to Play America's Bulging Home Equity Piggy Banks
A Wealth of Common Sense's Ben Carlson posted an interesting article on his site in early June highlighting how America's piggy banks are full. Thanks to the pandemic, Americans are sitting on home equity of $31.79 trillion, up from $6 trillion in 2008, a compound annual growth rate of 11.03%.
The 3 Best Closed-End Funds to Buy in May at a Discount
Closed-end funds are like initial public offerings in that, an initial share amount is sold to the public. With a few exceptions, they are then “closed” to new capital, which explains where they get their name.
ADX: 6-8% Income, Good Discount, And Solid Past Performance
Adams Diversified Equity Fund is a closed-end fund that invests in a diversified pool of equities of large-cap U.S. listed stocks. ADX uses near-zero leverage, which can be beneficial in a down market and high-interest environment. ADX's past performance is solid, especially in the last 15 years. In some ways, this is a proxy for the S&P 500 in terms of capital appreciation, with the benefit of 6% plus income.
Private Advisor Group LLC Sells 6,224 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)
Private Advisor Group LLC trimmed its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Free Report) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,287 shares of the closed-end fund’s stock after selling 6,224 shares during the period. Private Advisor Group LLC’s holdings in Adams Diversified Equity Fund were worth $519,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its position in Adams Diversified Equity Fund by 517.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,107 shares of the closed-end fund’s stock worth $55,000 after acquiring an additional 2,604 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Adams Diversified Equity Fund during the fourth quarter valued at $84,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Adams Diversified Equity Fund in the fourth quarter worth $112,000. Occidental Asset Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at $187,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Adams Diversified Equity Fund by 19.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,538 shares of the closed-end fund’s stock valued at $225,000 after buying an additional 2,250 shares during the last quarter. 28.41% of the stock is owned by hedge funds and other institutional investors. Adams Diversified Equity Fund Trading Up 0.0 % ADX stock opened at $20.06 on Monday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $15.41 and a fifty-two week high of $20.13. The stock has a fifty day moving average of $19.26 and a 200-day moving average of $18.34. Adams Diversified Equity Fund Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.05 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.00%. Adams Diversified Equity Fund Profile (Free Report) 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.
