Penserra Capital Management LLC Buys New Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Penserra Capital Management LLC bought a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 235,377 shares of the closed-end fund's stock, valued at approximately $4,469,000. Penserra Capital Management LLC owned about 0.20% of Adams Diversified Equity Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC boosted its holdings in Adams Diversified Equity Fund by 2.3% in the first quarter. Quad Cities Investment Group LLC now owns 25,940 shares of the closed-end fund's stock valued at $493,000 after acquiring an additional 571 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Adams Diversified Equity Fund by 9.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock valued at $135,000 after acquiring an additional 576 shares during the last quarter. 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. TIAA Trust National Association boosted its holdings in Adams Diversified Equity Fund by 8.7% in the fourth quarter. TIAA Trust National Association now owns 10,567 shares of the closed-end fund's stock valued at $213,000 after acquiring an additional 850 shares during the last quarter. Finally, Concorde Asset Management LLC boosted its holdings in Adams Diversified Equity Fund by 9.1% in the fourth quarter. Concorde Asset Management LLC now owns 14,499 shares of the closed-end fund's stock valued at $293,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Down 1.3%

Shares of Adams Diversified Equity Fund stock opened at $21.61 on Tuesday. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.50 and a twelve month high of $22.63. The business's fifty day moving average price is $20.46 and its 200 day moving average price is $19.98.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, April 29th were paid a dividend of $0.46 per share. This represents a dividend yield of 10.16%. The ex-dividend date of this dividend was Monday, April 28th.

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.

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