Adams Diversified Equity Fund, Inc. $ADX Shares Purchased by Jones Road Capital Management L.P.

Key Points

• Jones Road Capital Management L.P. increased its holdings in Adams Diversified Equity Fund by 13.2% during the first quarter, bringing its total to $7.96 million and making it the firm's eighth biggest holding.
• Several institutional investors, including Polar Asset Management and Ameriprise Financial, also made significant investments in Adams Diversified Equity Fund during the previous quarters.
• Adams Diversified Equity Fund recently announced a $0.46 dividend with a yield of 8.37%, to be paid on August 28th.

Jones Road Capital Management L.P. lifted its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 419,000 shares of the closed-end fund's stock after purchasing an additional 48,880 shares during the period. Adams Diversified Equity Fund accounts for about 5.0% of Jones Road Capital Management L.P.'s portfolio, making the stock its 8th largest position. Jones Road Capital Management L.P. owned 0.36% of Adams Diversified Equity Fund worth $7,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADX. Quad Cities Investment Group LLC raised its position in Adams Diversified Equity Fund by 2.3% in the 1st quarter. Quad Cities Investment Group LLC now owns 25,940 shares of the closed-end fund's stock worth $493,000 after purchasing an additional 571 shares during the last quarter. FCA Corp TX lifted its stake in shares of Adams Diversified Equity Fund by 0.4% during the first quarter. FCA Corp TX now owns 181,808 shares of the closed-end fund's stock valued at $3,453,000 after acquiring an additional 650 shares during the period. JPMorgan Chase & Co. boosted its holdings in Adams Diversified Equity Fund by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 12,701 shares of the closed-end fund's stock valued at $257,000 after acquiring an additional 702 shares during the last quarter. CWM LLC increased its position in Adams Diversified Equity Fund by 52.5% in the first 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 period. Finally, Choreo LLC raised its holdings in Adams Diversified Equity Fund by 2.0% during the 1st quarter. Choreo LLC now owns 45,711 shares of the closed-end fund's stock worth $868,000 after purchasing an additional 904 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Down 0.1%

Shares of NYSE:ADX traded down $0.02 during trading on Monday, hitting $21.63. 129,935 shares of the company's stock were exchanged, compared to its average volume of 288,800. The firm has a 50-day moving average price of $21.59 and a two-hundred day moving average price of $20.25. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.50 and a 1-year 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. Investors of record on Tuesday, July 29th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a dividend yield of 837.0%.

Adams Diversified Equity Fund Company 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.