Wolverine Asset Management LLC Has $2.90 Million Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

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

A number of other large investors also recently made changes to their positions in the business. Quad Cities Investment Group LLC increased its holdings in shares of Adams Diversified Equity Fund by 2.3% in the 1st quarter. Quad Cities Investment Group LLC now owns 25,940 shares of the closed-end fund's stock valued at $493,000 after purchasing an additional 571 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Adams Diversified Equity Fund by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 12,701 shares of the closed-end fund's stock valued at $257,000 after purchasing an additional 702 shares during the period. CWM LLC raised its stake in shares of Adams Diversified Equity Fund by 52.5% during the 1st quarter. CWM LLC now owns 2,418 shares of the closed-end fund's stock worth $46,000 after purchasing an additional 832 shares in the last quarter. Choreo LLC raised its stake in shares of Adams Diversified Equity Fund by 2.0% during the 1st quarter. Choreo LLC now owns 45,711 shares of the closed-end fund's stock worth $868,000 after purchasing an additional 904 shares in the last quarter. Finally, Generation Capital Management LLC raised 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 worth $956,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Up 1.0%

Shares of ADX traded up $0.22 during midday trading on Tuesday, reaching $21.97. 174,925 shares of the stock were exchanged, compared to its average volume of 292,509. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.50 and a 12-month high of $22.63. The firm has a 50 day simple moving average of $21.40 and a 200-day simple moving average of $20.17.

Adams Diversified Equity Fund Dividend Announcement

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

Adams Diversified Equity Fund 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.