Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 37.1% in the fourth quarter, HoldingsChannel reports. The fund owned 4,599 shares of the closed-end fund’s stock after selling 2,711 shares during the period. IFP Advisors Inc’s holdings in Adams Diversified Equity Fund were worth $71,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Savant Capital LLC boosted its position in Adams Diversified Equity Fund by 83.7% during the 4th quarter. Savant Capital LLC now owns 23,605 shares of the closed-end fund’s stock worth $187,000 after acquiring an additional 10,752 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Adams Diversified Equity Fund by 7.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,209,226 shares of the closed-end fund’s stock valued at $17,582,000 after buying an additional 79,685 shares during the period. Bank of Montreal Can acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at $310,000. Wolverine Asset Management LLC lifted its holdings in shares of Adams Diversified Equity Fund by 30.6% in the fourth quarter. Wolverine Asset Management LLC now owns 203,854 shares of the closed-end fund’s stock valued at $2,964,000 after buying an additional 47,786 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Adams Diversified Equity Fund by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,958 shares of the closed-end fund’s stock valued at $537,000 after buying an additional 6,681 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock opened at $15.55 on Wednesday. The business has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $15.30. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $17.45.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%.

About Adams Diversified Equity Fund

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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.