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2023-04-06 17:01
Allspring Global Investments Holdings LLC lifted its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) by 75.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,418,732 shares of the closed-end fund's stock after purchasing an additional 611,675 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.28% of Adams Diversified Equity Fund worth $20,628,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC grew its stake in shares of Adams Diversified Equity Fund by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 3,630,867 shares of the closed-end fund's stock worth $66,953,000 after purchasing an additional 48,413 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of Adams Diversified Equity Fund by 1.7% in the 3rd quarter. 1607 Capital Partners LLC now owns 2,506,340 shares of the closed-end fund's stock worth $36,517,000 after acquiring an additional 41,100 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Adams Diversified Equity Fund by 1.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,129,541 shares of the closed-end fund's stock valued at $16,457,000 after purchasing an additional 13,508 shares in the last quarter. Bank of America Corp DE increased its stake in Adams Diversified Equity Fund by 13.5% in the 1st quarter. Bank of America Corp DE now owns 532,452 shares of the closed-end fund's stock valued at $9,818,000 after purchasing an additional 63,334 shares in the last quarter. Finally, Shaker Financial Services LLC increased its stake in Adams Diversified Equity Fund by 7.1% in the 3rd quarter. Shaker Financial Services LLC now owns 461,177 shares of the closed-end fund's stock valued at $6,719,000 after purchasing an additional 30,419 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.
Get Adams Diversified Equity Fund alerts:NYSE ADX opened at $15.56 on Thursday. Adams Diversified Equity Fund, Inc. has a 1-year low of $14.20 and a 1-year high of $18.38. The business has a 50 day moving average price of $15.38 and a 200 day moving average price of $15.18.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 9th.
In other Adams Diversified Equity Fund news, Director Mary Chris Jammet bought 1,940 shares of the business's stock in a transaction on Friday, January 27th. The stock was bought at an average price of $15.46 per share, for a total transaction of $29,992.40. Following the completion of the transaction, the director now owns 7,833 shares in the company, valued at approximately $121,098.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.
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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company's business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.
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