Waverly Advisors LLC Makes New Investment in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Waverly Advisors LLC bought a new position in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 65,791 shares of the closed-end fund's stock, valued at approximately $1,329,000. Waverly Advisors LLC owned 0.05% of Adams Diversified Equity Fund at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC raised its stake in 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 valued at $60,545,000 after buying an additional 143,863 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $20,836,000. Blue Bell Private Wealth Management LLC raised its position in shares of Adams Diversified Equity Fund by 4.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 936,489 shares of the closed-end fund's stock worth $18,917,000 after purchasing an additional 43,340 shares during the period. Royal Bank of Canada raised its position in shares of Adams Diversified Equity Fund by 9.8% during the 4th quarter. Royal Bank of Canada now owns 755,447 shares of the closed-end fund's stock worth $15,261,000 after purchasing an additional 67,533 shares during the period. Finally, 1607 Capital Partners LLC grew its holdings in Adams Diversified Equity Fund by 26.3% in the 4th quarter. 1607 Capital Partners LLC now owns 746,861 shares of the closed-end fund's stock worth $15,087,000 after buying an additional 155,295 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

ADX stock traded down $0.08 on Wednesday, reaching $20.32. The company's stock had a trading volume of 43,594 shares, compared to its average volume of 254,559. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.50 and a 52 week high of $22.63. The firm has a fifty day moving average of $19.01 and a two-hundred day moving average of $20.00.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, April 29th will be issued a $0.46 dividend. The ex-dividend date is Monday, April 28th. This represents a dividend yield of 10.16%.

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.