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

King Luther Capital Management Corp lowered its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 56.1% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

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

Adams Diversified Equity Fund Price Performance

Shares of Adams Diversified Equity Fund stock opened at $25.48 on Friday. Adams Diversified Equity Fund, Inc. has a 12-month low of $20.32 and a 12-month high of $25.65. The company’s fifty day simple moving average is $23.78 and its two-hundred day simple moving average is $23.33.

Adams Diversified Equity Fund Increases Dividend

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

About Adams Diversified Equity Fund

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.