Concurrent Investment Advisors LLC lowered its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 63.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,668 shares of the closed-end fund's stock after selling 91,646 shares during the period. Concurrent Investment Advisors LLC's holdings in Adams Diversified Equity Fund were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in 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 buying an additional 576 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Adams Diversified Equity Fund in the 4th quarter valued at $20,836,000. Corient Private Wealth LLC raised its stake in Adams Diversified Equity Fund by 125.2% in the 4th quarter. Corient Private Wealth LLC now owns 55,330 shares of the closed-end fund's stock valued at $1,118,000 after purchasing an additional 30,763 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Adams Diversified Equity Fund by 39.8% in the 4th quarter. Advisors Asset Management Inc. now owns 266,295 shares of the closed-end fund's stock valued at $5,379,000 after purchasing an additional 75,758 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Adams Diversified Equity Fund by 14.4% during the 4th quarter. LPL Financial LLC now owns 140,955 shares of the closed-end fund's stock worth $2,847,000 after purchasing an additional 17,743 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.
Adams Diversified Equity Fund Price Performance
Shares of NYSE ADX traded up $0.16 during mid-day trading on Wednesday, reaching $21.81. The company's stock had a trading volume of 450,299 shares, compared to its average volume of 275,077. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.69. The stock has a 50-day moving average of $20.52 and a two-hundred day moving average of $19.99.
Adams Diversified Equity Fund Announces Dividend
The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th were issued a $0.46 dividend. This represents a yield of 10.16%. The ex-dividend date of this dividend was Monday, April 28th.
About Adams Diversified Equity Fund
(
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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