World Investment Advisors Reduces Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

World Investment Advisors lessened its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 56.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,259 shares of the closed-end fund's stock after selling 42,882 shares during the quarter. World Investment Advisors' holdings in Adams Diversified Equity Fund were worth $672,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in Adams Diversified Equity Fund in the 4th quarter valued at $31,000. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $62,000. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 1,029 shares during the period. First Command Advisory Services Inc. acquired a new stake in Adams Diversified Equity Fund in the fourth quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Adams Diversified Equity Fund by 9.4% in the 4th 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 owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 1.5 %

Shares of ADX traded up $0.27 during mid-day trading on Friday, hitting $18.39. The company's stock had a trading volume of 158,867 shares, compared to its average volume of 250,410. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63. The firm has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $20.54.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend was Monday, January 27th.

About Adams Diversified Equity Fund

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.