Adams Diversified Equity Fund, Inc. $ADX Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC lowered its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,536 shares of the closed-end fund’s stock after selling 144,136 shares during the period. Adams Diversified Equity Fund accounts for 0.8% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 28th largest holding. 1607 Capital Partners LLC owned 0.43% of Adams Diversified Equity Fund worth $11,859,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Caldwell Trust Co acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $45,000. IFP Advisors Inc boosted its stake in Adams Diversified Equity Fund by 119.4% during the 4th quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock worth $101,000 after purchasing an additional 2,361 shares during the period. Global Retirement Partners LLC acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $174,000. CIBC Private Wealth Group LLC boosted its stake in Adams Diversified Equity Fund by 817.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,957 shares of the closed-end fund’s stock worth $200,000 after purchasing an additional 7,981 shares during the period. Finally, Dana Investment Advisors Inc. acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $212,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock opened at $24.95 on Thursday. Adams Diversified Equity Fund, Inc. has a one year low of $20.65 and a one year high of $25.70. The firm has a fifty day moving average of $24.56 and a two-hundred day moving average of $23.51.

Adams Diversified Equity Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, April 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, April 27th. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.