Hennion & Walsh Asset Management Inc. Decreases Holdings in Adams Diversified Equity Fund, Inc. $ADX

Hennion & Walsh Asset Management Inc. reduced its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,750 shares of the closed-end fund’s stock after selling 25,446 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.23% of Adams Diversified Equity Fund worth $7,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Caldwell Trust Co purchased a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $45,000. Assetmark Inc. boosted its position in Adams Diversified Equity Fund by 367.9% in the first quarter. Assetmark Inc. now owns 2,040 shares of the closed-end fund’s stock worth $45,000 after purchasing an additional 1,604 shares during the last quarter. Bayban purchased a new position in Adams Diversified Equity Fund in the fourth quarter worth about $57,000. Resources Management Corp CT ADV purchased a new position in Adams Diversified Equity Fund in the first quarter worth about $89,000. Finally, IFP Advisors Inc grew its stake in shares of Adams Diversified Equity Fund by 119.4% during the 4th quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock valued at $101,000 after purchasing an additional 2,361 shares during the period. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Down 0.0%

NYSE ADX opened at $26.11 on Monday. Adams Diversified Equity Fund, Inc. has a 52 week low of $20.91 and a 52 week high of $26.49. The company has a 50-day moving average price of $25.49 and a 200-day moving average price of $24.18.

Adams Diversified Equity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, July 27th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.7%. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, July 27th.

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.