Park Avenue Securities LLC Invests $607,000 in Adams Diversified Equity Fund, Inc. $ADX

Key Points

• Park Avenue Securities LLC invested $607,000 in Adams Diversified Equity Fund, acquiring 27,955 shares during the second quarter.
• Several hedge funds have increased their investments in the fund, including Ameriprise Financial, which raised its holdings by 66.1%.
• The firm recently declared a quarterly dividend of $0.46, representing an annualized total of $1.84 and a yield of 8.3%.

Park Avenue Securities LLC bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,955 shares of the closed-end fund's stock, valued at approximately $607,000.

Several other hedge funds have also recently modified their holdings of ADX. Ameriprise Financial Inc. lifted its holdings 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 acquiring an additional 22,765 shares during the period. Consolidated Portfolio Review Corp lifted its holdings in Adams Diversified Equity Fund by 35.7% in the first quarter. Consolidated Portfolio Review Corp now owns 149,453 shares of the closed-end fund's stock valued at $2,838,000 after acquiring an additional 39,292 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Adams Diversified Equity Fund by 68.7% in the first quarter. Oppenheimer & Co. Inc. now owns 34,748 shares of the closed-end fund's stock valued at $660,000 after acquiring an additional 14,149 shares during the period. Joel Isaacson & Co. LLC acquired a new stake in Adams Diversified Equity Fund in the first quarter valued at $504,000. Finally, Waterfront Wealth Inc. lifted its holdings in Adams Diversified Equity Fund by 4.9% in the first quarter. Waterfront Wealth Inc. now owns 413,998 shares of the closed-end fund's stock valued at $7,862,000 after acquiring an additional 19,518 shares during the period. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Trading Up 0.5%

Adams Diversified Equity Fund stock opened at $22.13 on Monday. The stock has a 50-day moving average price of $21.84 and a 200 day moving average price of $20.58. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, July 28th were issued a $0.46 dividend. The ex-dividend date was Monday, July 28th. This represents a $1.84 annualized dividend and a yield of 8.3%.

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.

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