Adams Diversified Equity Fund, Inc. $ADX Shares Acquired by LPL Financial LLC

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 lifted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 0.14% of Adams Diversified Equity Fund worth $3,167,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. purchased a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth about $46,000. CWM LLC raised its position in shares of Adams Diversified Equity Fund by 52.5% during the 1st quarter. CWM LLC now owns 2,418 shares of the closed-end fund's stock worth $46,000 after purchasing an additional 832 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth about $53,000. MorganRosel Wealth Management LLC acquired a new position in shares of Adams Diversified Equity Fund during the 1st quarter worth about $100,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth about $210,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Down 0.6%

Shares of ADX traded down $0.1250 during mid-day trading on Thursday, hitting $21.4250. 242,104 shares of the company were exchanged, compared to its average volume of 223,596. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year high of $22.63. The company has a 50 day moving average of $21.57 and a 200-day moving average of $20.25.

Adams Diversified Equity Fund Dividend Announcement

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

Adams Diversified Equity Fund 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.