Readystate Asset Management LP raised its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 69.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,956 shares of the closed-end fund's stock after purchasing an additional 20,015 shares during the quarter. Readystate Asset Management LP's holdings in Adams Diversified Equity Fund were worth $930,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADX. Lazard Asset Management LLC lifted its holdings in shares of Adams Diversified Equity Fund by 5.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund's stock worth $60,545,000 after acquiring an additional 143,863 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Adams Diversified Equity Fund in the 4th quarter worth approximately $20,836,000. Bensler LLC lifted its holdings in shares of Adams Diversified Equity Fund by 13.0% in the 1st quarter. Bensler LLC now owns 787,512 shares of the closed-end fund's stock worth $14,955,000 after acquiring an additional 90,295 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Adams Diversified Equity Fund by 9.8% in the 4th quarter. Royal Bank of Canada now owns 755,447 shares of the closed-end fund's stock worth $15,261,000 after acquiring an additional 67,533 shares during the last quarter. Finally, 1607 Capital Partners LLC lifted its holdings in shares of Adams Diversified Equity Fund by 26.3% in the 4th quarter. 1607 Capital Partners LLC now owns 746,861 shares of the closed-end fund's stock worth $15,087,000 after acquiring an additional 155,295 shares during the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Stock Performance
Shares of ADX stock traded up $0.19 during trading hours on Friday, hitting $22.20. The company had a trading volume of 353,625 shares, compared to its average volume of 302,930. The company's fifty day moving average is $21.12 and its 200 day moving average is $20.11. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63.
Adams Diversified Equity Fund Announces Dividend
The firm also recently disclosed 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 8.37%. The ex-dividend date of this dividend is Monday, July 28th.
Adams Diversified Equity Fund Profile
(
Free Report)
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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