Roberts Glore & Co. Inc. IL Grows Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Key Points

• Roberts Glore & Co. Inc. increased its stake in Adams Diversified Equity Fund by 19.7%, now owning 116,382 shares valued at $2.21 million.
• A dividend of $0.46 per share was declared, representing an impressive yield of 837.0%, with the payment scheduled for August 28th.
• Adams Diversified Equity Fund shares have shown a 0.3% decrease, with current prices around $21.41, amidst a 52-week range of $16.50 to $22.63.

Roberts Glore & Co. Inc. IL raised its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 19.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,382 shares of the closed-end fund's stock after acquiring an additional 19,177 shares during the quarter. Roberts Glore & Co. Inc. IL owned approximately 0.10% of Adams Diversified Equity Fund worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the fourth quarter valued at $1,512,000. Ameriprise Financial Inc. lifted its holdings in Adams Diversified Equity Fund by 66.1% in the 4th quarter. Ameriprise Financial Inc. now owns 57,220 shares of the closed-end fund's stock valued at $1,156,000 after purchasing an additional 22,765 shares in the last quarter. Consolidated Portfolio Review Corp boosted its stake in shares of Adams Diversified Equity Fund by 35.7% during the 1st quarter. Consolidated Portfolio Review Corp now owns 149,453 shares of the closed-end fund's stock worth $2,838,000 after purchasing an additional 39,292 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Adams Diversified Equity Fund by 68.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 34,748 shares of the closed-end fund's stock worth $660,000 after purchasing an additional 14,149 shares during the last quarter. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Adams Diversified Equity Fund during the first quarter worth about $504,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX traded up $0.15 during trading on Thursday, reaching $21.60. The stock had a trading volume of 271,640 shares, compared to its average volume of 280,458. The business has a fifty day moving average price of $21.33 and a 200-day moving average price of $20.17. 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 declared a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Tuesday, July 29th will be issued a $0.46 dividend. The ex-dividend date is Monday, July 28th. This represents a yield of 837.0%.

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.