Adams Diversified Equity Fund, Inc. $ADX Shares Sold by Pinion Investment Advisors LLC

Key Points

• Pinion Investment Advisors LLC reduced its holdings in Adams Diversified Equity Fund by 63.0% in the second quarter, owning 12,715 shares valued at $276,000 post-sale.
• Other institutional investors have increased or established positions, with Oppenheimer & Co. raising its stake by 68.7% in the first quarter.
• Adams Diversified Equity Fund announced a quarterly dividend of $0.46 per share, representing an annualized dividend yield of 8.1%.

Pinion Investment Advisors LLC cut its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 63.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,715 shares of the closed-end fund's stock after selling 21,615 shares during the period. Pinion Investment Advisors LLC's holdings in Adams Diversified Equity Fund were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. purchased a new position in shares of Adams Diversified Equity Fund during the first quarter worth about $46,000. Bensler LLC boosted its stake in shares of Adams Diversified Equity Fund by 13.0% during the 1st quarter. Bensler LLC now owns 787,512 shares of the closed-end fund's stock worth $14,955,000 after acquiring an additional 90,295 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Adams Diversified Equity Fund by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 54,754 shares of the closed-end fund's stock worth $1,040,000 after acquiring an additional 2,390 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Adams Diversified Equity Fund by 17.2% during the 1st quarter. Avior Wealth Management LLC now owns 22,188 shares of the closed-end fund's stock worth $421,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Adams Diversified Equity Fund by 68.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 34,748 shares of the closed-end fund's stock worth $660,000 after purchasing an additional 14,149 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock opened at $22.61 on Friday. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.77. The business has a 50 day moving average price of $21.95 and a 200 day moving average price of $20.77.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, July 28th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.84 annualized dividend and a dividend yield of 8.1%.

Adams Diversified Equity Fund 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.

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