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Concurrent Investment Advisors LLC Cuts Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Adams Diversified Equity Fund logo with Finance background

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.

Further Reading

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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