Abel Hall LLC Invests $243,000 in Adams Diversified Equity Fund, Inc. $ADX

Abel Hall LLC bought a new position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the 2nd quarter, Holdings Channel reports. The fund bought 11,200 shares of the closed-end fund’s stock, valued at approximately $243,000.

Several other hedge funds have also made changes to their positions in ADX. Royal Bank of Canada boosted its stake in shares of Adams Diversified Equity Fund by 39.6% during the first quarter. Royal Bank of Canada now owns 1,054,872 shares of the closed-end fund’s stock worth $20,032,000 after buying an additional 299,425 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Adams Diversified Equity Fund during the first quarter worth about $4,469,000. Raymond James Financial Inc. boosted its stake in shares of Adams Diversified Equity Fund by 16.4% during the first quarter. Raymond James Financial Inc. now owns 1,201,070 shares of the closed-end fund’s stock worth $22,808,000 after buying an additional 169,583 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of Adams Diversified Equity Fund by 205.2% during the first quarter. Wolverine Asset Management LLC now owns 152,886 shares of the closed-end fund’s stock worth $2,903,000 after buying an additional 102,797 shares during the period. Finally, Bensler LLC boosted its stake in shares of Adams Diversified Equity Fund by 13.0% during the first quarter. Bensler LLC now owns 787,512 shares of the closed-end fund’s stock worth $14,955,000 after buying an additional 90,295 shares during the period. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 0.8%

Shares of ADX opened at $22.64 on Thursday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $22.68. The firm has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $20.74.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, July 28th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Monday, July 28th.

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.