SMH Capital Advisors Inc. Lowers Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

SMH Capital Advisors Inc. lowered its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,572 shares of the closed-end fund’s stock after selling 1,321 shares during the period. Adams Diversified Equity Fund comprises approximately 1.0% of SMH Capital Advisors Inc.’s holdings, making the stock its 24th largest position. SMH Capital Advisors Inc.’s holdings in Adams Diversified Equity Fund were worth $313,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Rothschild Investment LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at $45,000. Scarborough Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund in the fourth quarter worth about $50,000. Tradewinds Capital Management LLC purchased a new position in shares of Adams Diversified Equity Fund in the first quarter worth about $173,000. Cullen Investment Group LTD. purchased a new position in shares of Adams Diversified Equity Fund in the first quarter worth about $194,000. Finally, Covestor Ltd acquired a new stake in Adams Diversified Equity Fund during the first quarter worth about $203,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.2 %

Adams Diversified Equity Fund stock opened at $21.24 on Thursday. Adams Diversified Equity Fund, Inc. has a 52 week low of $15.81 and a 52 week high of $22.49. The business’s 50-day moving average price is $21.17 and its 200 day moving average price is $20.41.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date was Monday, August 5th.

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.