Thrivent Financial for Lutherans Buys New Shares in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Thrivent Financial for Lutherans purchased a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the 2nd quarter, Holdings Channel reports. The firm purchased 99,262 shares of the closed-end fund’s stock, valued at approximately $2,133,000.

A number of other large investors also recently modified their holdings of ADX. Lazard Asset Management LLC increased its position in shares of Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock valued at $85,926,000 after acquiring an additional 279,285 shares during the last quarter. Karpus Management Inc. acquired a new position in shares of Adams Diversified Equity Fund during the 4th quarter worth approximately $2,745,000. Cetera Investment Advisers bought a new stake in shares of Adams Diversified Equity Fund during the 1st quarter worth approximately $2,679,000. Providence Wealth Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $2,126,000. Finally, Raymond James & Associates grew its stake in shares of Adams Diversified Equity Fund by 10.8% in the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after buying an additional 51,599 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Stock Down 0.7 %

NYSE ADX opened at $21.40 on Wednesday. The firm’s fifty day moving average price is $21.05 and its two-hundred day moving average price is $20.55. Adams Diversified Equity Fund, Inc. has a 1 year low of $15.81 and a 1 year high of $22.49.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were issued a $0.44 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 8.22%.

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.