Prevail Innovative Wealth Advisors LLC Sells 168,861 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Prevail Innovative Wealth Advisors LLC reduced its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 57.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,682 shares of the closed-end fund’s stock after selling 168,861 shares during the quarter. Prevail Innovative Wealth Advisors LLC owned 0.10% of Adams Diversified Equity Fund worth $2,539,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in Adams Diversified Equity Fund in the 4th quarter worth $31,000. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter worth about $62,000. Geneos Wealth Management Inc. boosted its position in shares of Adams Diversified Equity Fund by 45.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund’s stock worth $67,000 after buying an additional 1,029 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth about $89,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock valued at $135,000 after acquiring an additional 576 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Down 1.5 %

Shares of ADX opened at $18.96 on Friday. The company has a 50 day moving average of $20.06 and a 200-day moving average of $20.79. Adams Diversified Equity Fund, Inc. has a twelve month low of $18.36 and a twelve month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.92%. The ex-dividend date was Monday, January 27th.

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.