Prevail Innovative Wealth Advisors LLC trimmed its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,682 shares of the closed-end fund's stock after selling 168,861 shares during the quarter. Prevail Innovative Wealth Advisors LLC owned 0.10% of Adams Diversified Equity Fund worth $2,539,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ADX. Kingsview Wealth Management LLC purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter worth $238,000. Financial Counselors Inc. grew its stake in shares of Adams Diversified Equity Fund by 2.1% in the 3rd quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund's stock valued at $1,013,000 after buying an additional 950 shares during the period. Walleye Capital LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $721,000. World Investment Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth $34,599,000. Finally, LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at about $62,000. 28.41% of the stock is owned by institutional investors and hedge funds.
Adams Diversified Equity Fund Stock Performance
Adams Diversified Equity Fund stock traded down $0.61 during midday trading on Thursday, reaching $18.64. 335,022 shares of the stock traded hands, compared to its average volume of 241,486. The company has a 50-day simple moving average of $19.94 and a two-hundred day simple moving average of $20.75. Adams Diversified Equity Fund, Inc. has a 12-month low of $18.36 and a 12-month high of $22.63.
Adams Diversified Equity Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 10.09%.
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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