LPL Financial LLC Increases Position in Adams Diversified Equity Fund, Inc. $ADX

Key Points

• LPL Financial LLC increased its stake in Adams Diversified Equity Fund (NYSE: ADX) by 18.3% in the first quarter, holding approximately 166,781 shares valued at $3.17 million.
• The Adams Diversified Equity Fund has announced a dividend of $0.46 per share, with a yield of 837.0%, payable on August 28th to shareholders of record as of July 29th.
• As of now, institutional investors and hedge funds collectively own 28.41% of the Adams Diversified Equity Fund's stock.

LPL Financial LLC boosted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 18.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 166,781 shares of the closed-end fund's stock after acquiring an additional 25,826 shares during the quarter. LPL Financial LLC owned about 0.14% of Adams Diversified Equity Fund worth $3,167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new stake in Adams Diversified Equity Fund during the 1st quarter worth about $46,000. CWM LLC lifted its holdings in shares of Adams Diversified Equity Fund by 52.5% in the 1st quarter. CWM LLC now owns 2,418 shares of the closed-end fund's stock valued at $46,000 after buying an additional 832 shares during the period. Elequin Capital LP acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $53,000. MorganRosel Wealth Management LLC acquired a new position in shares of Adams Diversified Equity Fund in the 1st quarter valued at about $100,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of ADX stock traded down $0.0450 on Wednesday, hitting $21.5750. The company had a trading volume of 94,829 shares, compared to its average volume of 288,132. The company has a 50-day moving average price of $21.54 and a 200-day moving average price of $20.23. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, August 28th. Stockholders of record on Tuesday, July 29th will be issued a $0.46 dividend. This represents a dividend yield of 837.0%. The ex-dividend date of this dividend is Monday, July 28th.

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.