Private Advisor Group LLC Has $197,000 Position in Adams Diversified Equity Fund Inc (ADX)

Private Advisor Group LLC reduced its stake in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 19.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,601 shares of the closed-end fund’s stock after selling 3,876 shares during the quarter. Private Advisor Group LLC’s holdings in Adams Diversified Equity Fund were worth $197,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. M&T Bank Corp raised its position in Adams Diversified Equity Fund by 5.2% during the 4th quarter. M&T Bank Corp now owns 19,186 shares of the closed-end fund’s stock worth $242,000 after purchasing an additional 943 shares during the last quarter. D.A. Davidson & CO. raised its position in Adams Diversified Equity Fund by 1.7% during the 4th quarter. D.A. Davidson & CO. now owns 97,573 shares of the closed-end fund’s stock worth $1,231,000 after purchasing an additional 1,674 shares during the last quarter. IFP Advisors Inc raised its position in Adams Diversified Equity Fund by 6.3% during the 4th quarter. IFP Advisors Inc now owns 48,595 shares of the closed-end fund’s stock worth $609,000 after purchasing an additional 2,895 shares during the last quarter. MML Investors Services LLC raised its position in Adams Diversified Equity Fund by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 120,792 shares of the closed-end fund’s stock worth $2,014,000 after purchasing an additional 3,494 shares during the last quarter. Finally, Uncommon Cents Investing LLC raised its position in Adams Diversified Equity Fund by 3.3% during the 4th quarter. Uncommon Cents Investing LLC now owns 115,260 shares of the closed-end fund’s stock worth $1,455,000 after purchasing an additional 3,652 shares during the last quarter. 16.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ADX opened at $14.30 on Friday. Adams Diversified Equity Fund Inc has a 12-month low of $11.84 and a 12-month high of $16.82.

The business also recently announced a special dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were given a dividend of $0.02 per share. This represents a yield of 0.88%. The ex-dividend date was Thursday, February 14th.

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Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund Inc (NYSE:ADX).

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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