Shaker Financial Services LLC lowered its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,864 shares of the closed-end fund's stock after selling 58,338 shares during the quarter. Adams Diversified Equity Fund comprises about 1.1% of Shaker Financial Services LLC's holdings, making the stock its 23rd largest position. Shaker Financial Services LLC owned approximately 0.12% of Adams Diversified Equity Fund worth $2,987,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of ADX. CIBC Private Wealth Group LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth about $31,000. Geneos Wealth Management Inc. grew its position in shares of Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after purchasing 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 4th quarter worth approximately $89,000. Steward Partners Investment Advisory LLC increased its stake in shares of Adams Diversified Equity Fund by 9.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock worth $135,000 after purchasing an additional 576 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 28.41% of the company's stock.
Adams Diversified Equity Fund Price Performance
NYSE:ADX traded up $0.18 during trading hours on Friday, reaching $19.02. 306,457 shares of the company traded hands, compared to its average volume of 317,887. The firm's 50-day moving average is $19.01 and its 200-day moving average is $20.36. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63.
Adams Diversified Equity Fund Announces Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, April 29th will be given a dividend of $0.46 per share. This represents a yield of 10.16%. The ex-dividend date of this dividend is Monday, April 28th.
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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