Prevail Innovative Wealth Advisors LLC Has $2.54 Million Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Prevail Innovative Wealth Advisors LLC decreased its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 57.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 125,682 shares of the closed-end fund’s stock after selling 168,861 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $2,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its position in shares of Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund’s stock valued at $135,000 after buying an additional 576 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Adams Diversified Equity Fund by 1.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 35,519 shares of the closed-end fund’s stock worth $717,000 after acquiring an additional 608 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Adams Diversified Equity Fund by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 12,701 shares of the closed-end fund’s stock valued at $257,000 after acquiring an additional 702 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Adams Diversified Equity Fund by 6.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,778 shares of the closed-end fund’s stock worth $238,000 after purchasing an additional 717 shares in the last quarter. Finally, TIAA Trust National Association increased its position in shares of Adams Diversified Equity Fund by 8.7% in the fourth quarter. TIAA Trust National Association now owns 10,567 shares of the closed-end fund’s stock worth $213,000 after purchasing an additional 850 shares during the period. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Price Performance

ADX stock opened at $18.96 on Friday. Adams Diversified Equity Fund, Inc. has a 12 month low of $18.36 and a 12 month high of $22.63. The company’s 50-day moving average price is $20.06 and its two-hundred day moving average price is $20.79.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 9.92%.

About Adams Diversified Equity Fund

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.