Thomas J. Herzfeld Advisors Inc. Lowers Position in Adams Diversified Equity Fund, Inc. $ADX

Key Points

• Thomas J. Herzfeld Advisors Inc. has reduced its stake in Adams Diversified Equity Fund, Inc. by 14.1%, now holding 71,378 shares worth approximately $1.35 million.
• The fund's stock price recently increased by 1.1%, with current trading around $21.63, compared to a one-year low of $16.50 and a high of $22.63.
• Adams Diversified Equity Fund will pay a $0.46 dividend on August 28th, representing a yield of approximately 837.0% for investors of record by July 29th.

Thomas J. Herzfeld Advisors Inc. lowered its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,378 shares of the closed-end fund's stock after selling 11,681 shares during the period. Thomas J. Herzfeld Advisors Inc. owned approximately 0.06% of Adams Diversified Equity Fund worth $1,355,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. bought a new position in Adams Diversified Equity Fund in the first quarter valued at about $46,000. CWM LLC grew its holdings in shares of Adams Diversified Equity Fund by 52.5% during the first quarter. CWM LLC now owns 2,418 shares of the closed-end fund's stock worth $46,000 after purchasing an additional 832 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Adams Diversified Equity Fund in the fourth quarter worth approximately $53,000. MorganRosel Wealth Management LLC acquired a new position in shares of Adams Diversified Equity Fund in the first quarter worth approximately $100,000. Finally, Virtu Financial LLC acquired a new position in shares of Adams Diversified Equity Fund in the first quarter worth approximately $203,000. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Price Performance

Shares of Adams Diversified Equity Fund stock traded down $0.21 during midday trading on Friday, reaching $21.67. The company had a trading volume of 278,429 shares, compared to its average volume of 217,508. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63. The stock has a fifty day moving average price of $21.68 and a 200 day moving average price of $20.29.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, July 28th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.84 annualized dividend and a yield of 8.5%.

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.