6 Meridian boosted its position in shares of Adams Diversified Equity (NYSE:ADX) by 23.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,755 shares of the closed-end fund’s stock after purchasing an additional 26,235 shares during the quarter. 6 Meridian owned 0.14% of Adams Diversified Equity worth $2,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADX. Shaker Financial Services LLC grew its holdings in Adams Diversified Equity by 1,526.1% during the first quarter. Shaker Financial Services LLC now owns 476,173 shares of the closed-end fund’s stock valued at $7,033,000 after purchasing an additional 446,889 shares during the period. Uncommon Cents Investing LLC acquired a new position in shares of Adams Diversified Equity in the fourth quarter valued at approximately $1,731,000. SG Americas Securities LLC boosted its holdings in shares of Adams Diversified Equity by 535.7% in the fourth quarter. SG Americas Securities LLC now owns 93,836 shares of the closed-end fund’s stock valued at $1,410,000 after buying an additional 79,074 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Adams Diversified Equity by 4.4% in the first quarter. Blue Bell Private Wealth Management LLC now owns 1,288,997 shares of the closed-end fund’s stock valued at $19,038,000 after buying an additional 54,904 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its holdings in shares of Adams Diversified Equity by 8.0% in the fourth quarter. Dubuque Bank & Trust Co. now owns 597,639 shares of the closed-end fund’s stock valued at $8,983,000 after buying an additional 44,062 shares during the period. Hedge funds and other institutional investors own 17.64% of the company’s stock.

Adams Diversified Equity stock opened at $15.23 on Friday. Adams Diversified Equity has a twelve month low of $15.22 and a twelve month high of $15.27.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 17th.

About Adams Diversified Equity

Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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

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