Envestnet Asset Management Inc. Raises Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Envestnet Asset Management Inc. increased its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 38.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,839 shares of the closed-end fund’s stock after purchasing an additional 8,849 shares during the period. Envestnet Asset Management Inc.’s holdings in Adams Diversified Equity Fund were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Adams Diversified Equity Fund during the fourth quarter worth $31,000. UMB Bank n.a. acquired a new stake in Adams Diversified Equity Fund during the first quarter valued at $46,000. Elequin Capital LP acquired a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $53,000. MorganRosel Wealth Management LLC acquired a new stake in Adams Diversified Equity Fund during the first quarter valued at $100,000. Finally, Two Sigma Securities LLC acquired a new stake in Adams Diversified Equity Fund during the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

ADX stock opened at $21.45 on Tuesday. The firm’s fifty day moving average is $21.28 and its 200 day moving average is $20.15. Adams Diversified Equity Fund, Inc. has a one year low of $16.50 and a one year high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

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

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.