Shaker Financial Services LLC reduced its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 29.3% during the second quarter, Holdings Channel reports. The fund owned 376,993 shares of the closed-end fund’s stock after selling 156,145 shares during the period. Adams Diversified Equity Fund makes up approximately 3.0% of Shaker Financial Services LLC’s portfolio, making the stock its 6th largest position. Shaker Financial Services LLC’s holdings in Adams Diversified Equity Fund were worth $5,387,000 at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter worth $143,000. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Adams Diversified Equity Fund, Inc. (ADX) opened at 14.52 on Friday. Adams Diversified Equity Fund, Inc. has a one year low of $12.33 and a one year high of $14.94. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $14.02. The firm has a market capitalization of $1.43 billion, a P/E ratio of 5.14 and a beta of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, August 9th.

WARNING: This report was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/13/shaker-financial-services-llc-has-5-39-million-position-in-adams-diversified-equity-fund-inc-nyseadx.html.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.

Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADX).

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

Receive News & Ratings for Adams Diversified Equity Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.