Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock Holdings Increased by Roberts Glore & Co. Inc. IL

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

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 5.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund's stock worth $60,545,000 after purchasing an additional 143,863 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth about $20,836,000. Bensler LLC increased its position in shares of Adams Diversified Equity Fund by 13.0% during the first 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 increased its position in shares of Adams Diversified Equity Fund by 9.8% during the fourth 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 increased its position in shares of Adams Diversified Equity Fund by 26.3% during the fourth 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. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 0.3%

Shares of NYSE ADX traded up $0.07 during midday trading on Friday, reaching $21.71. 137,915 shares of the company's stock were exchanged, compared to its average volume of 275,417. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $22.63. The business's fifty day moving average price is $21.38 and its two-hundred day moving average price is $20.17.

Adams Diversified Equity Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 28th. Stockholders of record on Tuesday, July 29th will be given a dividend of $0.46 per share. 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.