Royal Bank of Canada Purchases 67,533 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Royal Bank of Canada lifted its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 755,447 shares of the closed-end fund's stock after acquiring an additional 67,533 shares during the period. Royal Bank of Canada owned approximately 0.61% of Adams Diversified Equity Fund worth $15,261,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Polar Asset Management Partners Inc. bought a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $1,512,000. Quantedge Capital Pte Ltd boosted its position in shares of Adams Diversified Equity Fund by 40.6% during the 4th quarter. Quantedge Capital Pte Ltd now owns 50,257 shares of the closed-end fund's stock valued at $1,015,000 after acquiring an additional 14,500 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Adams Diversified Equity Fund by 5.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund's stock valued at $60,545,000 after acquiring an additional 143,863 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $313,000. Finally, Focus Partners Wealth bought a new stake in shares of Adams Diversified Equity Fund during the 4th quarter valued at about $972,000. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Trading Down 0.2%

Adams Diversified Equity Fund stock traded down $0.04 during mid-day trading on Friday, hitting $20.43. 316,891 shares of the company traded hands, compared to its average volume of 255,446. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $22.63. The stock has a fifty day moving average price of $19.08 and a 200-day moving average price of $19.96.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th were issued a dividend of $0.46 per share. This represents a dividend yield of 10.16%. The ex-dividend date of this dividend was Monday, April 28th.

About Adams Diversified Equity Fund

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.