ARQ Wealth Advisors LLC increased its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 63.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,567 shares of the closed-end fund's stock after purchasing an additional 52,176 shares during the quarter. ARQ Wealth Advisors LLC owned approximately 0.11% of Adams Diversified Equity Fund worth $2,555,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC increased its position in shares of Adams Diversified Equity Fund by 5.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund's stock valued at $60,545,000 after buying an additional 143,863 shares during the period. Raymond James Financial Inc. bought a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth $20,836,000. Bensler LLC raised its position in shares of Adams Diversified Equity Fund by 13.0% during the 1st quarter. Bensler LLC now owns 787,512 shares of the closed-end fund's stock valued at $14,955,000 after buying an additional 90,295 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Adams Diversified Equity Fund by 9.8% during the 4th quarter. Royal Bank of Canada now owns 755,447 shares of the closed-end fund's stock worth $15,261,000 after acquiring an additional 67,533 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its position in Adams Diversified Equity Fund by 26.3% in the fourth quarter. 1607 Capital Partners LLC now owns 746,861 shares of the closed-end fund's stock worth $15,087,000 after acquiring an additional 155,295 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Trading Up 0.6%
Shares of ADX traded up $0.13 during mid-day trading on Friday, reaching $21.93. The company's stock had a trading volume of 337,912 shares, compared to its average volume of 280,385. The company's fifty day moving average price is $20.93 and its two-hundred day moving average price is $20.06. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.50 and a 52 week high of $22.63.
Adams Diversified Equity Fund Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th were given a $0.46 dividend. The ex-dividend date was Monday, April 28th. This represents a dividend yield of 10.16%.
Adams Diversified Equity Fund Company Profile
(
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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