78,995 Shares in Adams Diversified Equity Fund, Inc. $ADX Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 78,995 shares of the closed-end fund’s stock, valued at approximately $2,018,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Adams Diversified Equity Fund during the second quarter worth $25,000. Trust Co. of Vermont purchased a new position in Adams Diversified Equity Fund in the 2nd quarter worth approximately $31,000. Caldwell Trust Co acquired a new stake in Adams Diversified Equity Fund in the fourth quarter valued at approximately $45,000. Assetmark Inc. grew its position in Adams Diversified Equity Fund by 367.9% in the first quarter. Assetmark Inc. now owns 2,040 shares of the closed-end fund’s stock valued at $45,000 after acquiring an additional 1,604 shares in the last quarter. Finally, Bayban purchased a new stake in shares of Adams Diversified Equity Fund during the fourth quarter valued at approximately $57,000. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Price Performance

NYSE ADX opened at $25.99 on Friday. The company’s fifty day simple moving average is $25.72 and its 200-day simple moving average is $24.37. Adams Diversified Equity Fund, Inc. has a 52 week low of $20.91 and a 52 week high of $26.56.

Adams Diversified Equity Fund Increases Dividend

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

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.