Royal Bank of Canada lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 980,325 shares of the closed-end fund’s stock after acquiring an additional 44,446 shares during the period. Royal Bank of Canada owned 0.80% of Adams Diversified Equity Fund worth $21,459,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ADX. NewEdge Advisors LLC raised its stake in Adams Diversified Equity Fund by 4.4% during the first quarter. NewEdge Advisors LLC now owns 36,365 shares of the closed-end fund’s stock worth $691,000 after purchasing an additional 1,530 shares during the period. Jane Street Group LLC acquired a new position in Adams Diversified Equity Fund during the 1st quarter worth approximately $525,000. Raymond James Financial Inc. lifted its position in shares of Adams Diversified Equity Fund by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,228,172 shares of the closed-end fund’s stock worth $26,664,000 after purchasing an additional 27,102 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Adams Diversified Equity Fund by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 106,697 shares of the closed-end fund’s stock valued at $2,367,000 after buying an additional 12,663 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Adams Diversified Equity Fund in the second quarter valued at about $401,000. 28.41% of the stock is owned by hedge funds and other institutional investors.
Adams Diversified Equity Fund Trading Down 0.8%
NYSE ADX opened at $25.85 on Thursday. The company’s fifty day moving average price is $25.47 and its two-hundred day moving average price is $24.14. Adams Diversified Equity Fund, Inc. has a 12 month low of $20.91 and a 12 month high of $26.49.
Adams Diversified Equity Fund Increases Dividend
About Adams Diversified Equity Fund
Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.
The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.
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