Roberts Glore & Co. Inc. IL Acquires Shares of 160,810 Adams Diversified Equity Fund, Inc. $ADX

Roberts Glore & Co. Inc. IL acquired a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 160,810 shares of the closed-end fund’s stock, valued at approximately $4,109,000. Adams Diversified Equity Fund comprises 1.0% of Roberts Glore & Co. Inc. IL’s holdings, making the stock its 22nd biggest position.

Several other large investors have also modified their holdings of ADX. Independent Financial Group LLC purchased a new stake in Adams Diversified Equity Fund in the 1st quarter valued at $3,107,000. Bensler LLC boosted its stake in Adams Diversified Equity Fund by 6.8% during the 4th quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock worth $23,034,000 after purchasing an additional 62,665 shares during the period. Evolve Private Wealth LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter worth $2,018,000. Royal Bank of Canada grew its position in Adams Diversified Equity Fund by 4.7% during the 1st quarter. Royal Bank of Canada now owns 980,325 shares of the closed-end fund’s stock worth $21,459,000 after purchasing an additional 44,446 shares during the last quarter. Finally, Uniting Wealth Partners LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter worth $593,000. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Performance

NYSE ADX opened at $25.88 on Wednesday. The firm’s fifty day moving average is $25.74 and its two-hundred day moving average is $24.42. Adams Diversified Equity Fund, Inc. has a one year low of $20.91 and a one year high of $26.56.

Adams Diversified Equity Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, July 27th will be issued a dividend of $0.50 per share. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, July 27th.

Adams Diversified Equity Fund Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.