Fifth Third Bancorp Trims Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Fifth Third Bancorp cut its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,500 shares of the closed-end fund’s stock after selling 10,546 shares during the period. Fifth Third Bancorp’s holdings in Adams Diversified Equity Fund were worth $677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in Adams Diversified Equity Fund during the 4th quarter worth approximately $50,000. Tradewinds Capital Management LLC acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $173,000. Cullen Investment Group LTD. acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $194,000. Covestor Ltd acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $203,000. Finally, Great Valley Advisor Group Inc. acquired a new position in Adams Diversified Equity Fund during the 2nd quarter worth approximately $206,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Trading Down 1.0 %

NYSE ADX opened at $21.06 on Friday. The business’s 50 day moving average is $21.39 and its two-hundred day moving average is $20.10. Adams Diversified Equity Fund, Inc. has a 12-month low of $15.81 and a 12-month high of $22.49.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 5th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Monday, August 5th.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.