Royal Bank of Canada Raises Stock Holdings in Adams Diversified Equity Fund, Inc. $ADX

Royal Bank of Canada grew its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 39.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,054,872 shares of the closed-end fund's stock after purchasing an additional 299,425 shares during the period. Royal Bank of Canada owned approximately 0.90% of Adams Diversified Equity Fund worth $20,032,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Adams Diversified Equity Fund in the first quarter valued at about $43,000. RB Capital Management LLC boosted its stake in shares of Adams Diversified Equity Fund by 2.0% in the first quarter. RB Capital Management LLC now owns 208,238 shares of the closed-end fund's stock worth $3,954,000 after buying an additional 4,082 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Adams Diversified Equity Fund in the first quarter worth about $278,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Adams Diversified Equity Fund by 6.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 48,131 shares of the closed-end fund's stock worth $914,000 after buying an additional 3,122 shares during the last quarter. Finally, Jones Road Capital Management L.P. boosted its stake in shares of Adams Diversified Equity Fund by 13.2% in the first quarter. Jones Road Capital Management L.P. now owns 419,000 shares of the closed-end fund's stock worth $7,957,000 after buying an additional 48,880 shares during the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Down 0.1%

Shares of ADX traded down $0.03 during mid-day trading on Friday, reaching $22.11. The company had a trading volume of 153,777 shares, compared to its average volume of 230,241. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $22.63. The stock has a 50 day moving average of $21.74 and a two-hundred day moving average of $20.37.

Adams Diversified Equity Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, July 28th were paid a $0.46 dividend. The ex-dividend date was Monday, July 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.3%.

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.