Allspring Global Investments Holdings LLC Reduces Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Allspring Global Investments Holdings LLC decreased its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 40.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 532,367 shares of the closed-end fund’s stock after selling 364,326 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.43% of Adams Diversified Equity Fund worth $10,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADX. HTLF Bank boosted its stake in shares of Adams Diversified Equity Fund by 6.4% during the 4th quarter. HTLF Bank now owns 246,496 shares of the closed-end fund’s stock worth $4,979,000 after purchasing an additional 14,775 shares during the period. Kestra Private Wealth Services LLC boosted its position 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 buying an additional 3,381 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Adams Diversified Equity Fund by 6.5% during the 4th 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 period. Mezzasalma Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 4th quarter valued at $419,000. Finally, Consolidated Portfolio Review Corp purchased a new position in Adams Diversified Equity Fund during the 4th quarter valued at $2,225,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Adams Diversified Equity Fund stock opened at $20.92 on Tuesday. Adams Diversified Equity Fund, Inc. has a 1 year low of $18.36 and a 1 year high of $22.63. The firm has a 50-day moving average of $20.58 and a two-hundred day moving average of $21.06.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Monday, January 27th.

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.