Kestra Private Wealth Services LLC Decreases Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Key Points

• Kestra Private Wealth Services LLC reduced its holdings in Adams Diversified Equity Fund by 39.5%, selling 16,041 shares and now owning 24,584 shares worth approximately $467,000.
• Several institutional investors, including LPL Financial LLC and TIAA Trust National Association, increased their stakes in the fund during the previous quarter.
• The Adams Diversified Equity Fund recently declared a dividend of $0.46, with an 8.37% dividend yield, scheduled to be paid on August 28th to shareholders of record on July 29th.

Kestra Private Wealth Services LLC lessened its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,584 shares of the closed-end fund's stock after selling 16,041 shares during the period. Kestra Private Wealth Services LLC's holdings in Adams Diversified Equity Fund were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADX. LPL Financial LLC raised its stake in Adams Diversified Equity Fund by 14.4% in the fourth quarter. LPL Financial LLC now owns 140,955 shares of the closed-end fund's stock valued at $2,847,000 after buying an additional 17,743 shares during the last quarter. TIAA Trust National Association raised its stake in Adams Diversified Equity Fund by 8.7% in the fourth quarter. TIAA Trust National Association now owns 10,567 shares of the closed-end fund's stock valued at $213,000 after buying an additional 850 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Adams Diversified Equity Fund by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 12,701 shares of the closed-end fund's stock valued at $257,000 after buying an additional 702 shares during the last quarter. Level Four Advisory Services LLC raised its position in shares of Adams Diversified Equity Fund by 9.4% in the 4th quarter. Level Four Advisory Services LLC now owns 16,885 shares of the closed-end fund's stock valued at $341,000 after purchasing an additional 1,454 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Up 0.8%

Shares of Adams Diversified Equity Fund stock opened at $22.20 on Friday. The company has a 50 day moving average price of $21.12 and a 200 day moving average price of $20.11. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.50 and a 52 week high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Tuesday, July 29th will be issued a $0.46 dividend. The ex-dividend date is Monday, July 28th. This represents a dividend yield of 8.37%.

Adams Diversified Equity Fund Company 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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