Roberts Glore & Co. Inc. IL bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 160,810 shares of the closed-end fund's stock, valued at approximately $4,109,000. Adams Diversified Equity Fund makes up approximately 1.0% of Roberts Glore & Co. Inc. IL's portfolio, making the stock its 22nd largest position. Roberts Glore & Co. Inc. IL owned 0.13% of Adams Diversified Equity Fund at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ADX. NewEdge Advisors LLC increased its stake in Adams Diversified Equity Fund by 4.4% in the first quarter. NewEdge Advisors LLC now owns 36,365 shares of the closed-end fund's stock valued at $691,000 after purchasing an additional 1,530 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth approximately $525,000. Raymond James Financial Inc. lifted its position in shares of Adams Diversified Equity Fund by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,228,172 shares of the closed-end fund's stock worth $26,664,000 after buying an additional 27,102 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 106,697 shares of the closed-end fund's stock valued at $2,367,000 after buying an additional 12,663 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Adams Diversified Equity Fund in the 2nd quarter valued at $401,000. Hedge funds and other institutional investors own 28.41% of the company's stock.
Adams Diversified Equity Fund Stock Up 0.4%
NYSE ADX opened at $25.88 on Wednesday. The firm's fifty day moving average price is $25.74 and its 200 day moving average price is $24.42. Adams Diversified Equity Fund, Inc. has a 12 month low of $20.91 and a 12 month high of $26.56.
Adams Diversified Equity Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, July 27th will be paid a $0.50 dividend. This is a boost from Adams Diversified Equity Fund's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, July 27th.
About Adams Diversified Equity Fund
(
Free Report)
Adams Diversified Equity Fund NYSE: ADX is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.
The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.
Further Reading
Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report).
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