Zuckerman Investment Group LLC lifted its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 13.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,919 shares of the closed-end fund’s stock after buying an additional 14,235 shares during the period. Adams Diversified Equity Fund makes up about 0.5% of Zuckerman Investment Group LLC’s portfolio, making the stock its 28th largest position. Zuckerman Investment Group LLC owned approximately 0.12% of Adams Diversified Equity Fund worth $1,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC boosted its stake in Adams Diversified Equity Fund by 2.4% in the 2nd quarter. MML Investors Services LLC now owns 96,972 shares of the closed-end fund’s stock worth $1,386,000 after purchasing an additional 2,269 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Adams Diversified Equity Fund by 8.5% in the 2nd quarter. D.A. Davidson & CO. now owns 74,361 shares of the closed-end fund’s stock worth $1,062,000 after purchasing an additional 5,809 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Adams Diversified Equity Fund in the 2nd quarter worth approximately $106,000. TCI Wealth Advisors Inc. boosted its stake in Adams Diversified Equity Fund by 0.3% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 7,446 shares of the closed-end fund’s stock worth $106,000 after purchasing an additional 25 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Adams Diversified Equity Fund by 11.6% in the 2nd quarter. Wells Fargo & Company MN now owns 128,928 shares of the closed-end fund’s stock worth $1,843,000 after purchasing an additional 13,444 shares in the last quarter. 19.41% of the stock is currently owned by hedge funds and other institutional investors.

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Adams Diversified Equity Fund, Inc. (NYSE ADX) remained flat at $15.01 during mid-day trading on Friday. The company had a trading volume of 149,834 shares. The stock’s 50-day moving average price is $14.75 and its 200-day moving average price is $14.28. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 5.31 and a beta of 1.08. Adams Diversified Equity Fund, Inc. has a 52 week low of $12.33 and a 52 week high of $15.08.

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

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.

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

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