Saba Capital Management L.P. Sells 993,832 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Saba Capital Management L.P. lowered its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,428,866 shares of the closed-end fund's stock after selling 993,832 shares during the quarter. Adams Diversified Equity Fund comprises about 2.6% of Saba Capital Management L.P.'s investment portfolio, making the stock its 8th largest position. Saba Capital Management L.P. owned 4.38% of Adams Diversified Equity Fund worth $109,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Adams Diversified Equity Fund by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund's stock valued at $259,000 after acquiring an additional 4,741 shares during the period. Park Avenue Securities LLC lifted its stake in Adams Diversified Equity Fund by 28.8% in the fourth quarter. Park Avenue Securities LLC now owns 19,638 shares of the closed-end fund's stock valued at $397,000 after buying an additional 4,389 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Adams Diversified Equity Fund by 9.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 51,405 shares of the closed-end fund's stock valued at $1,038,000 after buying an additional 4,440 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Adams Diversified Equity Fund by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 60,101 shares of the closed-end fund's stock worth $1,214,000 after purchasing an additional 1,117 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Adams Diversified Equity Fund by 12.3% during 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. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Up 1.1%

NYSE ADX opened at $20.36 on Friday. The stock's 50-day moving average is $18.84 and its 200-day moving average is $20.10. 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 Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, April 29th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, April 28th. This represents a dividend yield of 10.16%.

About Adams Diversified Equity Fund

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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