Raymond James Financial Inc. Has $22.81 Million Stock Holdings in Adams Diversified Equity Fund, Inc. $ADX

Key Points

• Raymond James Financial Inc. increased its holdings in Adams Diversified Equity Fund by 16.4%, owning 1,201,070 shares valued at approximately $22.81 million as of its latest SEC filing.
• The Adams Diversified Equity Fund stock recorded a slight decline of 0.2%, opening at $21.60, with a 12-month price range between $16.50 and $22.63.
• A dividend of $0.46 has been declared by Adams Diversified Equity Fund, resulting in a significant dividend yield of 837.0%, with payment scheduled for August 28th.

Raymond James Financial Inc. grew its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 16.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,201,070 shares of the closed-end fund's stock after purchasing an additional 169,583 shares during the period. Raymond James Financial Inc. owned about 1.02% of Adams Diversified Equity Fund worth $22,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. bought a new position in shares of Adams Diversified Equity Fund in the first quarter valued at about $46,000. CWM LLC raised its holdings in shares of 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 valued at $46,000 after buying an additional 832 shares during the last quarter. Elequin Capital LP bought a new position in shares of Adams Diversified Equity Fund in the fourth quarter valued at about $53,000. MorganRosel Wealth Management LLC bought a new position in shares of Adams Diversified Equity Fund in the first quarter valued at about $100,000. Finally, Virtu Financial LLC bought a new position in shares of Adams Diversified Equity Fund in the first quarter valued at about $203,000. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Down 0.2%

Adams Diversified Equity Fund stock opened at $21.60 on Tuesday. The stock has a 50-day simple moving average of $21.60 and a 200 day simple moving average of $20.26. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.50 and a 12-month high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 28th. Investors of record on Tuesday, July 29th will be issued a $0.46 dividend. This represents a dividend yield of 837.0%. The ex-dividend date of this dividend is Monday, July 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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