Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Purchased by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC increased its stake in Adams Diversified Equity Fund by 205.2%, acquiring an additional 102,797 shares and totaling 152,886 shares valued at approximately $2.9 million.
• The fund recently declared a dividend of $0.46 per share, which yields an impressive 837.0%, with the payment date set for August 28th.
• Currently, around 28.41% of Adams Diversified Equity Fund is owned by institutional investors, reflecting growing interest in the fund.

Wolverine Asset Management LLC lifted its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 205.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,886 shares of the closed-end fund's stock after purchasing an additional 102,797 shares during the quarter. Wolverine Asset Management LLC owned 0.13% of Adams Diversified Equity Fund worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Roberts Glore & Co. Inc. IL grew its position in shares of Adams Diversified Equity Fund by 19.7% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 116,382 shares of the closed-end fund's stock valued at $2,210,000 after acquiring an additional 19,177 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Adams Diversified Equity Fund by 17.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 41,549 shares of the closed-end fund's stock valued at $789,000 after buying an additional 6,030 shares in the last quarter. Shaker Financial Services LLC lifted its stake in shares of Adams Diversified Equity Fund by 40.3% during the 1st quarter. Shaker Financial Services LLC now owns 207,446 shares of the closed-end fund's stock valued at $3,939,000 after buying an additional 59,582 shares in the last quarter. Generation Capital Management LLC lifted its stake in shares of Adams Diversified Equity Fund by 2.3% during the 1st quarter. Generation Capital Management LLC now owns 50,329 shares of the closed-end fund's stock valued at $956,000 after buying an additional 1,138 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Adams Diversified Equity Fund by 15.4% during the 1st quarter. Harbour Investments Inc. now owns 22,546 shares of the closed-end fund's stock valued at $428,000 after buying an additional 3,017 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Up 0.0%

Shares of ADX traded up $0.01 during trading hours on Wednesday, reaching $22.01. 120,252 shares of the stock traded hands, compared to its average volume of 291,344. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.50 and a 52-week high of $22.63. The company's 50-day moving average price is $21.43 and its two-hundred day moving average price is $20.18.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Tuesday, July 29th will be paid a $0.46 dividend. The ex-dividend date is Monday, July 28th. This represents a yield of 837.0%.

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.