Stolper Co Trims Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Stolper Co reduced its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 2.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 93,143 shares of the closed-end fund’s stock after selling 2,214 shares during the period. Stolper Co’s holdings in Adams Diversified Equity Fund were worth $2,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC acquired a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $45,000. Scarborough Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter valued at approximately $50,000. Tradewinds Capital Management LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 1st quarter valued at approximately $173,000. Cullen Investment Group LTD. acquired a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth approximately $194,000. Finally, Covestor Ltd acquired a new position in Adams Diversified Equity Fund in the first quarter valued at approximately $203,000. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Price Performance

ADX stock opened at $21.24 on Friday. Adams Diversified Equity Fund, Inc. has a 52-week low of $15.81 and a 52-week high of $22.49. The business has a fifty day moving average of $21.22 and a two-hundred day moving average of $20.35.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 5th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.76 annualized dividend and a yield of 8.29%.

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.