Millennium Management LLC trimmed its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,264 shares of the closed-end fund's stock after selling 64,632 shares during the period. Millennium Management LLC's holdings in Adams Diversified Equity Fund were worth $329,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ADX. Kingsview Wealth Management LLC raised its stake in shares of Adams Diversified Equity Fund by 6.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 11,778 shares of the closed-end fund's stock valued at $238,000 after acquiring an additional 717 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Adams Diversified Equity Fund by 9.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 40,625 shares of the closed-end fund's stock valued at $821,000 after acquiring an additional 3,381 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Adams Diversified Equity Fund by 41.9% during the fourth quarter. Blue Trust Inc. now owns 31,950 shares of the closed-end fund's stock valued at $645,000 after acquiring an additional 9,438 shares during the last quarter. Allworth Financial LP bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter valued at about $202,000. Finally, D.A. Davidson & CO. raised its stake in shares of Adams Diversified Equity Fund by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 129,903 shares of the closed-end fund's stock valued at $2,624,000 after acquiring an additional 2,522 shares during the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Stock Performance
Shares of NYSE:ADX traded down $0.16 during midday trading on Friday, hitting $20.69. 259,159 shares of the stock traded hands, compared to its average volume of 263,518. The business's 50 day moving average is $19.52 and its two-hundred day moving average is $19.90. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $22.63.
Adams Diversified Equity Fund Announces Dividend
The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, April 29th were paid 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.
Featured Stories
Before you consider Adams Diversified Equity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adams Diversified Equity Fund wasn't on the list.
While Adams Diversified Equity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
