Adams Diversified Equity Fund, Inc. $ADX Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC trimmed its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 87.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,846 shares of the closed-end fund’s stock after selling 68,708 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. King Luther Capital Management Corp purchased a new position in Adams Diversified Equity Fund during the third quarter worth about $1,116,000. Penserra Capital Management LLC raised its stake in shares of Adams Diversified Equity Fund by 21.7% in the 3rd quarter. Penserra Capital Management LLC now owns 295,117 shares of the closed-end fund’s stock valued at $6,581,000 after acquiring an additional 52,577 shares during the period. PMG Family Office LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $1,789,000. ARQ Wealth Advisors LLC lifted its holdings in shares of Adams Diversified Equity Fund by 54.8% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 208,347 shares of the closed-end fund’s stock worth $4,646,000 after acquiring an additional 73,780 shares during the last quarter. Finally, Bensler LLC lifted its holdings in shares of Adams Diversified Equity Fund by 7.8% in the 3rd quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock worth $20,629,000 after acquiring an additional 67,197 shares during the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Trading Up 0.3%

Adams Diversified Equity Fund stock opened at $24.89 on Friday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $19.91 and a fifty-two week high of $25.30. The firm has a 50 day moving average price of $23.47 and a 200 day moving average price of $23.24.

Adams Diversified Equity Fund Increases Dividend

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

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.