Merit Financial Group LLC Has $750,000 Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Merit Financial Group LLC raised its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 42,340 shares of the closed-end fund’s stock after acquiring an additional 2,126 shares during the period. Merit Financial Group LLC’s holdings in Adams Diversified Equity Fund were worth $750,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ADX. Saba Capital Management L.P. boosted its position in shares of Adams Diversified Equity Fund by 53.9% during the third quarter. Saba Capital Management L.P. now owns 6,768,620 shares of the closed-end fund’s stock worth $112,630,000 after buying an additional 2,371,715 shares during the period. Lazard Asset Management LLC boosted its position in Adams Diversified Equity Fund by 11.9% during the 3rd quarter. Lazard Asset Management LLC now owns 4,122,687 shares of the closed-end fund’s stock worth $68,601,000 after acquiring an additional 437,920 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Adams Diversified Equity Fund by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,700,212 shares of the closed-end fund’s stock valued at $30,111,000 after purchasing an additional 307,756 shares during the last quarter. Atlas Wealth LLC lifted its position in Adams Diversified Equity Fund by 0.9% during the 3rd quarter. Atlas Wealth LLC now owns 1,373,433 shares of the closed-end fund’s stock worth $22,854,000 after buying an additional 12,312 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Adams Diversified Equity Fund by 1,879.7% in the 4th quarter. International Assets Investment Management LLC now owns 779,738 shares of the closed-end fund’s stock valued at $13,809,000 after acquiring an additional 740,352 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Trading Up 1.0 %

ADX opened at $19.47 on Tuesday. Adams Diversified Equity Fund, Inc. has a 52-week low of $15.41 and a 52-week high of $19.60. The business’s 50-day simple moving average is $19.14 and its 200 day simple moving average is $18.11.

Adams Diversified Equity Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, May 16th.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.