US Bancorp DE Trims Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

US Bancorp DE trimmed its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 21.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,322 shares of the closed-end fund’s stock after selling 2,009 shares during the quarter. US Bancorp DE’s holdings in Adams Diversified Equity Fund were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Adams Diversified Equity Fund by 5.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,997,278 shares of the closed-end fund’s stock worth $60,545,000 after purchasing an additional 143,863 shares during the last quarter. Raymond James Financial Inc. bought a new position in Adams Diversified Equity Fund during the 4th quarter valued at approximately $20,836,000. Bensler LLC boosted its position 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 valued at $14,955,000 after purchasing an additional 90,295 shares in the last quarter. Royal Bank of Canada boosted its stake in Adams Diversified Equity Fund by 9.8% during the fourth quarter. Royal Bank of Canada now owns 755,447 shares of the closed-end fund’s stock worth $15,261,000 after acquiring an additional 67,533 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Adams Diversified Equity Fund by 9.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 425,321 shares of the closed-end fund’s stock worth $8,591,000 after purchasing an additional 35,419 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Price Performance

Shares of ADX opened at $21.96 on Friday. The business’s 50 day moving average price is $21.51 and its 200-day moving average price is $20.21. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.50 and a 52 week high of $22.63.

Adams Diversified Equity Fund Announces Dividend

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

Adams Diversified Equity Fund Company 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.