King Luther Capital Management Corp Sells 28,100 Shares of Adams Diversified Equity Fund, Inc. $ADX

King Luther Capital Management Corp lessened its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 56.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,962 shares of the closed-end fund’s stock after selling 28,100 shares during the period. King Luther Capital Management Corp’s holdings in Adams Diversified Equity Fund were worth $512,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADX. NewEdge Advisors LLC grew its holdings in Adams Diversified Equity Fund by 4.4% in the 1st quarter. NewEdge Advisors LLC now owns 36,365 shares of the closed-end fund’s stock worth $691,000 after acquiring an additional 1,530 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Adams Diversified Equity Fund during the 1st quarter valued at about $525,000. Raymond James Financial Inc. boosted its stake in shares of Adams Diversified Equity Fund by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,228,172 shares of the closed-end fund’s stock valued at $26,664,000 after purchasing an additional 27,102 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Adams Diversified Equity Fund by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 106,697 shares of the closed-end fund’s stock valued at $2,367,000 after purchasing an additional 12,663 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $401,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 0.4%

Shares of ADX opened at $25.48 on Friday. The firm’s 50-day moving average price is $23.78 and its 200-day moving average price is $23.33. Adams Diversified Equity Fund, Inc. has a 1-year low of $20.32 and a 1-year high of $25.65.

Adams Diversified Equity Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, April 27th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, April 27th. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47.

Adams Diversified Equity Fund Company 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.