Landscape Capital Management L.L.C. cut its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 67.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.11% of Adams Diversified Equity Fund worth $2,716,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at $31,000. LRI Investments LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $62,000. Geneos Wealth Management Inc. boosted its holdings 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 acquiring an additional 1,029 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Adams Diversified Equity Fund by 9.4% during 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 during the period. 28.41% of the stock is currently owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Price Performance
ADX traded down $1.04 during mid-day trading on Friday, reaching $17.41. 651,038 shares of the company traded hands, compared to its average volume of 245,364. The company's fifty day moving average price is $19.81 and its 200-day moving average price is $20.70. Adams Diversified Equity Fund, Inc. has a 52-week low of $17.34 and a 52-week high of $22.63.
Adams Diversified Equity Fund Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were paid a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 10.80%.
Adams Diversified Equity Fund Company 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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