Landscape Capital Management L.L.C. Sells 278,544 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Landscape Capital Management L.L.C. lowered its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,479 shares of the closed-end fund's stock after selling 278,544 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.11% of Adams Diversified Equity Fund worth $2,716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth about $31,000. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter worth approximately $62,000. Geneos Wealth Management Inc. lifted its position in shares of Adams Diversified Equity Fund by 45.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock worth $67,000 after purchasing an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after purchasing an additional 576 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 0.9 %

NYSE:ADX traded up $0.16 during trading hours on Wednesday, hitting $17.29. 92,617 shares of the stock were exchanged, compared to its average volume of 247,392. The company's 50 day moving average is $19.60 and its two-hundred day moving average is $20.62. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.87%. The ex-dividend date of this dividend was Monday, January 27th.

Adams Diversified Equity Fund Company 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.