Shaker Financial Services LLC Grows Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Key Points

• Shaker Financial Services LLC increased its holdings in Adams Diversified Equity Fund by 40.3%, owning 207,446 shares after purchasing an additional 59,582 shares in the first quarter.
• Other institutional investors, including Ameriprise Financial Inc. and Oppenheimer & Co. Inc., also raised their stakes in the fund significantly, demonstrating strong interest from multiple large investors.
• The fund recently announced a dividend of $0.46 payable on August 28th, reflecting a 837.0% yield, with shareholders of record set for July 29th.

Shaker Financial Services LLC grew its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 40.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,446 shares of the closed-end fund's stock after purchasing an additional 59,582 shares during the period. Adams Diversified Equity Fund comprises about 1.5% of Shaker Financial Services LLC's portfolio, making the stock its 15th largest position. Shaker Financial Services LLC owned approximately 0.18% of Adams Diversified Equity Fund worth $3,939,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Polar Asset Management Partners Inc. bought a new position in Adams Diversified Equity Fund during the fourth quarter worth about $1,512,000. Ameriprise Financial Inc. boosted its position in Adams Diversified Equity Fund by 66.1% in the fourth quarter. Ameriprise Financial Inc. now owns 57,220 shares of the closed-end fund's stock valued at $1,156,000 after buying an additional 22,765 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in Adams Diversified Equity Fund by 35.7% during the 1st quarter. Consolidated Portfolio Review Corp now owns 149,453 shares of the closed-end fund's stock worth $2,838,000 after acquiring an additional 39,292 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Adams Diversified Equity Fund by 68.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 34,748 shares of the closed-end fund's stock valued at $660,000 after buying an additional 14,149 shares during the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Adams Diversified Equity Fund during the first quarter worth $504,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Price Performance

NYSE ADX traded up $0.15 during mid-day trading on Thursday, reaching $21.60. 271,640 shares of the stock were exchanged, compared to its average volume of 280,458. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $22.63. The stock has a 50 day simple moving average of $21.33 and a 200-day simple moving average of $20.17.

Adams Diversified Equity Fund Dividend Announcement

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

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.