Adams Diversified Equity Fund, Inc. (NYSE:ADX) Position Trimmed by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 57.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,984 shares of the closed-end fund’s stock after selling 24,474 shares during the quarter. Park Avenue Securities LLC’s holdings in Adams Diversified Equity Fund were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Atria Wealth Solutions Inc. lifted its position in Adams Diversified Equity Fund by 1.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 36,316 shares of the closed-end fund’s stock worth $643,000 after buying an additional 618 shares in the last quarter. MinichMacGregor Wealth Management LLC raised its holdings in shares of Adams Diversified Equity Fund by 0.6% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 133,716 shares of the closed-end fund’s stock worth $2,368,000 after acquiring an additional 811 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in Adams Diversified Equity Fund by 6.8% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,430 shares of the closed-end fund’s stock valued at $238,000 after purchasing an additional 850 shares during the last quarter. D.A. Davidson & CO. grew its stake in Adams Diversified Equity Fund by 0.6% in the fourth quarter. D.A. Davidson & CO. now owns 139,217 shares of the closed-end fund’s stock valued at $2,466,000 after purchasing an additional 869 shares in the last quarter. Finally, Savant Capital LLC increased its position in Adams Diversified Equity Fund by 3.8% in the 4th quarter. Savant Capital LLC now owns 25,250 shares of the closed-end fund’s stock worth $447,000 after purchasing an additional 930 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Down 0.4 %

ADX opened at $21.49 on Monday. The business has a 50-day moving average of $20.25 and a 200-day moving average of $19.13. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $21.65.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, May 16th.

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.