Pinion Investment Advisors LLC Sells 857 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Pinion Investment Advisors LLC decreased its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,441 shares of the closed-end fund’s stock after selling 857 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Lazard Asset Management LLC raised its stake in Adams Diversified Equity Fund by 6.8% during the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock worth $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Adams Diversified Equity Fund by 4.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 1,245,867 shares of the closed-end fund’s stock valued at $24,319,000 after purchasing an additional 55,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Adams Diversified Equity Fund by 1.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock worth $12,080,000 after buying an additional 10,210 shares during the last quarter. Bensler LLC increased its holdings in shares of Adams Diversified Equity Fund by 4.1% during the second quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock worth $11,491,000 after buying an additional 20,929 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Adams Diversified Equity Fund by 10.8% in the 2nd quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after acquiring an additional 51,599 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

NYSE ADX opened at $21.24 on Friday. Adams Diversified Equity Fund, Inc. has a twelve month low of $15.81 and a twelve month high of $22.49. The business’s fifty day moving average is $21.22 and its 200 day moving average is $20.36.

Adams Diversified Equity Fund Announces Dividend

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 dividend of $0.44 per share. 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.

About Adams Diversified Equity Fund

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.