Lazard Asset Management LLC Has $78.09 Million Stock Holdings in Adams Diversified Equity Fund, Inc. $ADX

Lazard Asset Management LLC lowered its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,567,556 shares of the closed-end fund’s stock after selling 22,319 shares during the quarter. Lazard Asset Management LLC owned about 2.91% of Adams Diversified Equity Fund worth $78,094,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in shares of Adams Diversified Equity Fund by 6.3% during the third quarter. Raymond James Financial Inc. now owns 1,306,074 shares of the closed-end fund’s stock worth $29,125,000 after purchasing an additional 77,902 shares during the period. Bensler LLC increased its holdings in Adams Diversified Equity Fund by 6.8% in the fourth quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock valued at $23,034,000 after purchasing an additional 62,665 shares during the last quarter. Stifel Financial Corp lifted its stake in Adams Diversified Equity Fund by 13.5% in the fourth quarter. Stifel Financial Corp now owns 403,432 shares of the closed-end fund’s stock valued at $9,408,000 after buying an additional 47,986 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Adams Diversified Equity Fund by 3.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 400,716 shares of the closed-end fund’s stock valued at $9,345,000 after buying an additional 13,722 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Adams Diversified Equity Fund by 1.9% during the fourth quarter. Advisors Asset Management Inc. now owns 387,161 shares of the closed-end fund’s stock worth $9,029,000 after buying an additional 7,138 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of ADX opened at $25.38 on Tuesday. Adams Diversified Equity Fund, Inc. has a 1 year low of $20.91 and a 1 year high of $26.49. The stock’s 50-day moving average price is $25.39 and its two-hundred day moving average price is $24.03.

Adams Diversified Equity Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, July 27th will be given a $0.50 dividend. The ex-dividend date is Monday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.48.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.