Raymond James Trust N.A. Continues to Hold Stake in Adams Diversified Equity Fund, Inc. (ADX)

Raymond James Trust N.A. held its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,159 shares of the closed-end fund’s stock at the end of the second quarter. Raymond James Trust N.A.’s holdings in Adams Diversified Equity Fund were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in Adams Diversified Equity Fund during the second quarter valued at approximately $143,000. SG Americas Securities LLC grew its position in Adams Diversified Equity Fund by 222.6% during the second quarter. SG Americas Securities LLC now owns 30,361 shares of the closed-end fund’s stock valued at $434,000 after acquiring an additional 20,950 shares during the last quarter. IFP Advisors Inc grew its position in Adams Diversified Equity Fund by 0.7% during the second quarter. IFP Advisors Inc now owns 47,402 shares of the closed-end fund’s stock valued at $677,000 after acquiring an additional 338 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Adams Diversified Equity Fund during the second quarter valued at approximately $1,475,000. Finally, Wells Fargo & Company MN grew its position in Adams Diversified Equity Fund by 11.6% during the second quarter. Wells Fargo & Company MN now owns 128,928 shares of the closed-end fund’s stock valued at $1,843,000 after acquiring an additional 13,444 shares during the last quarter. Institutional investors and hedge funds own 19.41% of the company’s stock.

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Adams Diversified Equity Fund, Inc. (ADX) opened at 15.02 on Monday. Adams Diversified Equity Fund, Inc. has a 12 month low of $12.33 and a 12 month high of $15.02. The firm’s 50-day moving average is $14.73 and its 200-day moving average is $14.25. The company has a market capitalization of $1.48 billion, a PE ratio of 5.31 and a beta of 1.08.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.20 annualized dividend and a dividend 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.

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

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