Allspring Global Investments Holdings LLC lessened its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 40.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 532,367 shares of the closed-end fund's stock after selling 364,326 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.43% of Adams Diversified Equity Fund worth $10,754,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $30,000. LRI Investments LLC purchased a new position in Adams Diversified Equity Fund in the third quarter valued at approximately $62,000. Geneos Wealth Management Inc. lifted its position in shares of Adams Diversified Equity Fund by 45.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after buying an additional 1,029 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in Adams Diversified Equity Fund during the third quarter worth about $238,000. Finally, Founders Capital Management LLC boosted its holdings in Adams Diversified Equity Fund by 8.8% in the 4th quarter. Founders Capital Management LLC now owns 11,116 shares of the closed-end fund's stock worth $225,000 after buying an additional 903 shares during the period. Institutional investors and hedge funds own 28.41% of the company's stock.
Adams Diversified Equity Fund Price Performance
Shares of NYSE ADX traded down $0.37 during mid-day trading on Friday, hitting $20.45. The company had a trading volume of 339,000 shares, compared to its average volume of 316,350. Adams Diversified Equity Fund, Inc. has a 1 year low of $18.36 and a 1 year high of $22.63. The stock's 50-day moving average price is $20.60 and its 200-day moving average price is $21.05.
Adams Diversified Equity Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 9.19%.
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.
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