Polar Asset Management Partners Inc. Acquires New Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Polar Asset Management Partners Inc. purchased a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,837 shares of the closed-end fund's stock, valued at approximately $1,512,000. Polar Asset Management Partners Inc. owned approximately 0.06% of Adams Diversified Equity Fund as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $31,000. Elequin Capital LP purchased a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $53,000. Geneos Wealth Management Inc. lifted its stake in Adams Diversified Equity Fund by 45.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,298 shares of the closed-end fund's stock valued at $67,000 after buying an additional 1,029 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Adams Diversified Equity Fund by 9.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,687 shares of the closed-end fund's stock worth $135,000 after purchasing an additional 576 shares during the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Price Performance

Shares of Adams Diversified Equity Fund stock traded down $0.04 during trading hours on Friday, hitting $20.43. 316,891 shares of the company were exchanged, compared to its average volume of 255,446. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.50 and a 1 year high of $22.63. The business has a 50-day moving average of $19.08 and a 200-day moving average of $19.96.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders 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.