Adams Diversified Equity Fund, Inc. (NYSE:ADX) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 13.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 98,610 shares of the closed-end fund’s stock after acquiring an additional 11,951 shares during the period. Fifth Third Bancorp owned about 0.09% of Adams Diversified Equity Fund worth $1,914,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADX. Dubuque Bank & Trust Co. raised its position in shares of Adams Diversified Equity Fund by 12.0% in the fourth quarter. Dubuque Bank & Trust Co. now owns 644,862 shares of the closed-end fund’s stock valued at $12,516,000 after buying an additional 69,294 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at about $11,668,000. Royal Bank of Canada raised its position in shares of Adams Diversified Equity Fund by 6.5% in the third quarter. Royal Bank of Canada now owns 396,510 shares of the closed-end fund’s stock valued at $7,851,000 after buying an additional 24,284 shares during the last quarter. Quantedge Capital Pte Ltd raised its position in shares of Adams Diversified Equity Fund by 6.5% in the third quarter. Quantedge Capital Pte Ltd now owns 323,842 shares of the closed-end fund’s stock valued at $6,412,000 after buying an additional 19,700 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in shares of Adams Diversified Equity Fund by 18.9% in the third quarter. Wolverine Asset Management LLC now owns 273,752 shares of the closed-end fund’s stock valued at $5,420,000 after buying an additional 43,456 shares during the last quarter. Institutional investors own 16.00% of the company’s stock.

Shares of NYSE ADX opened at $18.27 on Monday. The firm has a 50-day simple moving average of $18.03. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.69 and a 52 week high of $22.33.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Friday, February 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, February 10th.

In other Adams Diversified Equity Fund news, CEO Mark E. Stoeckle bought 2,200 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, February 3rd. The stock was acquired at an average cost of $18.43 per share, for a total transaction of $40,546.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

About Adams Diversified Equity Fund (Get Rating)

The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.

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