Park Avenue Securities LLC Has $301,000 Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Park Avenue Securities LLC raised its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,675 shares of the closed-end fund’s stock after buying an additional 2,419 shares during the period. Park Avenue Securities LLC’s holdings in Adams Diversified Equity Fund were worth $301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Advisor Networks LLC lifted its holdings in Adams Diversified Equity Fund by 158.8% during the 2nd quarter. Cetera Advisor Networks LLC now owns 120,347 shares of the closed-end fund’s stock valued at $1,847,000 after purchasing an additional 73,850 shares during the last quarter. Ronald Blue Trust Inc. acquired a new position in Adams Diversified Equity Fund in the 2nd quarter valued at about $359,000. Allworth Financial LP bought a new position in Adams Diversified Equity Fund in the 2nd quarter valued at about $57,000. Lazard Asset Management LLC lifted its position in Adams Diversified Equity Fund by 1.5% during the second quarter. Lazard Asset Management LLC now owns 3,684,767 shares of the closed-end fund’s stock worth $56,524,000 after acquiring an additional 53,900 shares during the last quarter. Finally, SMH Capital Advisors Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 25.7% during the second quarter. SMH Capital Advisors Inc. now owns 21,260 shares of the closed-end fund’s stock worth $326,000 after acquiring an additional 4,352 shares during the period. 18.76% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Stock Up 2.1 %

Adams Diversified Equity Fund stock opened at $15.06 on Monday. The stock’s 50 day moving average is $15.00 and its 200-day moving average is $15.54. Adams Diversified Equity Fund, Inc. has a 12 month low of $14.20 and a 12 month high of $18.84.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 9th.

Adams Diversified Equity Fund Profile

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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.