Lazard Asset Management LLC Grows Stock Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Lazard Asset Management LLC lifted its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.8% during the first quarter, Holdings Channel reports. The institutional investor owned 4,401,972 shares of the closed-end fund’s stock after purchasing an additional 279,285 shares during the period. Lazard Asset Management LLC’s holdings in Adams Diversified Equity Fund were worth $85,926,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Raymond James & Associates raised its position in shares of Adams Diversified Equity Fund by 2.8% during the 4th quarter. Raymond James & Associates now owns 340,724 shares of the closed-end fund’s stock valued at $6,034,000 after buying an additional 9,288 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth approximately $84,000. Occidental Asset Management LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 4th quarter worth approximately $187,000. Fifth Third Bancorp lifted its position in shares of Adams Diversified Equity Fund by 7.1% in the 4th quarter. Fifth Third Bancorp now owns 63,314 shares of the closed-end fund’s stock worth $1,121,000 after purchasing an additional 4,172 shares during the period. Finally, Bensler LLC lifted its position in shares of Adams Diversified Equity Fund by 39.0% in the 4th quarter. Bensler LLC now owns 474,981 shares of the closed-end fund’s stock worth $8,412,000 after purchasing an additional 133,230 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of ADX traded up $0.11 during mid-day trading on Friday, hitting $21.32. The company’s stock had a trading volume of 238,122 shares, compared to its average volume of 159,619. Adams Diversified Equity Fund, Inc. has a 52-week low of $15.81 and a 52-week high of $22.49. The company’s 50-day moving average is $21.27 and its 200-day moving average is $19.73.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 5th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a yield of 8.26%.

About Adams Diversified Equity Fund

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.