City of London Investment Management Co. Ltd. increased its stake in shares of Adams Diversified Equity Fund Inc (NYSE:ADX) by 356.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 189,560 shares of the closed-end fund’s stock after acquiring an additional 148,024 shares during the period. City of London Investment Management Co. Ltd.’s holdings in Adams Diversified Equity Fund were worth $2,739,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC lifted its position in Adams Diversified Equity Fund by 46.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,865 shares of the closed-end fund’s stock worth $36,000 after acquiring an additional 913 shares in the last quarter. US Bancorp DE lifted its position in Adams Diversified Equity Fund by 8.7% during the 1st quarter. US Bancorp DE now owns 11,534 shares of the closed-end fund’s stock worth $167,000 after acquiring an additional 921 shares in the last quarter. M&T Bank Corp lifted its position in Adams Diversified Equity Fund by 5.2% during the 4th quarter. M&T Bank Corp now owns 19,186 shares of the closed-end fund’s stock worth $242,000 after acquiring an additional 943 shares in the last quarter. SMH Capital Advisors Inc. lifted its position in Adams Diversified Equity Fund by 10.2% during the 1st quarter. SMH Capital Advisors Inc. now owns 11,777 shares of the closed-end fund’s stock worth $170,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Creative Planning lifted its position in Adams Diversified Equity Fund by 7.1% during the 1st quarter. Creative Planning now owns 22,658 shares of the closed-end fund’s stock worth $327,000 after acquiring an additional 1,502 shares in the last quarter. 15.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Craig R. Smith purchased 17,000 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average cost of $14.91 per share, with a total value of $253,470.00. Following the transaction, the director now owns 46,469 shares of the company’s stock, valued at approximately $692,852.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Adams Diversified Equity Fund stock opened at $14.40 on Tuesday. Adams Diversified Equity Fund Inc has a one year low of $11.84 and a one year high of $16.82.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, May 16th.

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Adams Diversified Equity Fund Company Profile

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 Fund (NYSE:ADX)

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