Private Advisor Group LLC Has $257,000 Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Private Advisor Group LLC reduced its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 28.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,717 shares of the closed-end fund’s stock after selling 4,984 shares during the period. Private Advisor Group LLC’s holdings in Adams Diversified Equity Fund were worth $257,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at approximately $30,000. Janney Montgomery Scott LLC lifted its position in shares of Adams Diversified Equity Fund by 15.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,644 shares of the closed-end fund’s stock worth $1,006,000 after acquiring an additional 6,277 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Adams Diversified Equity Fund by 17.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 31,832 shares of the closed-end fund’s stock worth $686,000 after purchasing an additional 4,628 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $4,446,000. Finally, Bensler LLC raised its stake in shares of Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after purchasing an additional 48,581 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.7 %

Shares of ADX stock opened at $19.72 on Thursday. Adams Diversified Equity Fund, Inc. has a one year low of $18.36 and a one year high of $22.63. The stock has a fifty day moving average price of $20.52 and a 200 day moving average price of $21.03.

Adams Diversified Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.54%.

Adams Diversified Equity Fund 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.