Lazard Asset Management LLC held its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,667,017 shares of the closed-end fund’s stock at the end of the second quarter. Lazard Asset Management LLC owned about 2.70% of Adams Diversified Equity Fund worth $38,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TCI Wealth Advisors Inc. lifted its position in Adams Diversified Equity Fund by 0.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 7,446 shares of the closed-end fund’s stock valued at $106,000 after acquiring an additional 25 shares during the period. IFP Advisors Inc lifted its position in Adams Diversified Equity Fund by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 47,402 shares of the closed-end fund’s stock valued at $677,000 after acquiring an additional 338 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $106,000. Deschutes Portfolio Strategy LLC lifted its position in Adams Diversified Equity Fund by 1.6% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 498,635 shares of the closed-end fund’s stock valued at $7,125,000 after acquiring an additional 7,896 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $143,000. 19.41% of the stock is owned by institutional investors.

Shares of Adams Diversified Equity Fund, Inc. (NYSE ADX) traded up 0.080% on Wednesday, reaching $15.082. 25,142 shares of the company were exchanged. The company’s 50-day moving average is $14.75 and its 200-day moving average is $14.28. Adams Diversified Equity Fund, Inc. has a 52 week low of $12.33 and a 52 week high of $15.11. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 5.335 and a beta of 1.08.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, August 9th.

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Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.

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Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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