Lazard Asset Management LLC increased its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,997,278 shares of the closed-end fund's stock after purchasing an additional 143,863 shares during the quarter. Lazard Asset Management LLC owned approximately 2.42% of Adams Diversified Equity Fund worth $60,545,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth $31,000. Geneos Wealth Management Inc. grew its stake in shares of Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after buying an additional 1,029 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Adams Diversified Equity Fund during the 4th quarter valued at approximately $89,000. Steward Partners Investment Advisory LLC lifted its position in shares of Adams Diversified Equity Fund by 9.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock worth $135,000 after buying an additional 576 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Trading Up 1.1%
Shares of Adams Diversified Equity Fund stock traded up $0.23 on Friday, hitting $20.36. The company had a trading volume of 218,995 shares, compared to its average volume of 255,590. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.50 and a 52 week high of $22.63. The business has a 50-day simple moving average of $18.81 and a 200-day simple moving average of $20.11.
Adams Diversified Equity Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 10.16%.
About Adams Diversified Equity Fund
(
Free Report)
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.
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