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2023-04-09 18:22
Fifth Third Bancorp cut its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,029 shares of the closed-end fund's stock after selling 10,151 shares during the period. Fifth Third Bancorp owned 0.06% of Adams Diversified Equity Fund worth $1,004,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Piershale Financial Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth about $28,000. Benjamin F. Edwards & Company Inc. bought a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $51,000. Romano Brothers AND Company acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at approximately $61,000. WJ Interests LLC bought a new stake in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $79,000. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of Adams Diversified Equity Fund by 137.0% during the third quarter. Carolinas Wealth Consulting LLC now owns 9,860 shares of the closed-end fund's stock worth $144,000 after buying an additional 5,700 shares during the period. 18.76% of the stock is currently owned by institutional investors.
Get Adams Diversified Equity Fund alerts:In related news, Director Mary Chris Jammet acquired 1,940 shares of the business's stock in a transaction that occurred on Friday, January 27th. The shares were acquired at an average cost of $15.46 per share, for a total transaction of $29,992.40. Following the completion of the purchase, the director now directly owns 7,833 shares in the company, valued at $121,098.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.
Shares of ADX stock opened at $15.60 on Friday. Adams Diversified Equity Fund, Inc. has a 12-month low of $14.20 and a 12-month high of $18.38. The business has a 50 day simple moving average of $15.38 and a 200 day simple moving average of $15.18.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.28%.
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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company's business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.
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