Shaker Financial Services LLC lowered its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,864 shares of the closed-end fund's stock after selling 58,338 shares during the quarter. Adams Diversified Equity Fund comprises about 1.1% of Shaker Financial Services LLC's portfolio, making the stock its 23rd biggest holding. Shaker Financial Services LLC owned about 0.12% of Adams Diversified Equity Fund worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. grew its position in Adams Diversified Equity Fund by 45.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after acquiring an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $89,000. Steward Partners Investment Advisory LLC lifted its position in shares of Adams Diversified Equity Fund by 9.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock worth $135,000 after purchasing an additional 576 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Adams Diversified Equity Fund in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Trading Up 1.0 %
Shares of ADX stock traded up $0.18 during trading on Friday, reaching $19.02. The company's stock had a trading volume of 306,458 shares, compared to its average volume of 254,549. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63. The stock's 50-day moving average price is $18.97 and its 200 day moving average price is $20.34.
Adams Diversified Equity Fund Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th will be paid a $0.46 dividend. The ex-dividend date is Monday, April 28th. This represents a dividend yield of 10.16%.
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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