Walleye Capital LLC Makes New $278,000 Investment in Adams Diversified Equity Fund, Inc. $ADX

Key Points

• Walleye Capital LLC made a new investment of approximately $278,000 in Adams Diversified Equity Fund, acquiring 14,632 shares in Q1, according to a recent SEC filing.
• A number of institutional investors have increased their stakes in Adams Diversified Equity Fund, with notable purchases from Polar Asset Management and Ameriprise Financial, indicating growing confidence in the fund.
• Adams Diversified Equity Fund recently declared a quarterly dividend of $0.46 per share, resulting in an annualized dividend yield of 8.5%.

Walleye Capital LLC acquired a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,632 shares of the closed-end fund's stock, valued at approximately $278,000.

A number of other institutional investors have also recently bought and sold shares of ADX. Polar Asset Management Partners Inc. purchased a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth about $1,512,000. Ameriprise Financial Inc. raised its stake in shares of Adams Diversified Equity Fund by 66.1% during the 4th quarter. Ameriprise Financial Inc. now owns 57,220 shares of the closed-end fund's stock worth $1,156,000 after purchasing an additional 22,765 shares in the last quarter. Consolidated Portfolio Review Corp raised 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 in the last quarter. Oppenheimer & Co. Inc. raised 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 in the last quarter. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth about $504,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Up 0.9%

ADX opened at $21.64 on Thursday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.63. The business has a 50-day moving average of $21.71 and a 200-day moving average of $20.31.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, July 28th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.5%.

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.

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