Bank of America Corp DE trimmed its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,049 shares of the closed-end fund's stock after selling 44,283 shares during the period. Bank of America Corp DE owned 0.22% of Adams Diversified Equity Fund worth $5,475,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Adams Diversified Equity Fund by 65.3% in the third quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund's stock worth $259,000 after purchasing an additional 4,741 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Adams Diversified Equity Fund by 12.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 52,364 shares of the closed-end fund's stock worth $1,058,000 after purchasing an additional 5,720 shares during the period. Fifth Third Bancorp lifted its holdings in Adams Diversified Equity Fund by 22.4% in the fourth quarter. Fifth Third Bancorp now owns 43,083 shares of the closed-end fund's stock worth $870,000 after purchasing an additional 7,872 shares during the period. Geneos Wealth Management Inc. lifted its holdings in 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 worth $67,000 after purchasing an additional 1,029 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Adams Diversified Equity Fund in the 4th quarter valued at about $230,000. 28.41% of the stock is owned by institutional investors and hedge funds.
Adams Diversified Equity Fund Price Performance
NYSE ADX traded down $0.04 on Friday, reaching $20.43. The company's stock had a trading volume of 316,891 shares, compared to its average volume of 255,446. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63. The firm's 50 day moving average is $19.08 and its two-hundred day moving average is $19.94.
Adams Diversified Equity Fund Announces Dividend
The firm also recently declared 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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