Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock Holdings Trimmed by Pathstone Holdings LLC

Pathstone Holdings LLC lessened its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 86.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,006 shares of the closed-end fund’s stock after selling 508,770 shares during the period. Pathstone Holdings LLC owned about 0.06% of Adams Diversified Equity Fund worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADX. Farther Finance Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter worth $30,000. Rothschild Investment LLC acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter worth $45,000. Sunbelt Securities Inc. lifted its position in shares of Adams Diversified Equity Fund by 23,200.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after buying an additional 2,552 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of Adams Diversified Equity Fund in the 2nd quarter valued at about $206,000. Finally, Founders Capital Management LLC bought a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $225,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Insider Buying and Selling

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson acquired 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares of the company’s stock, valued at $108,059.58. This represents a 30.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the transaction, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $20.37 on Thursday. The firm’s 50-day moving average price is $21.70 and its two-hundred day moving average price is $21.29. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.85 and a 52-week high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a $1.96 dividend. This represents a $7.84 annualized dividend and a dividend yield of 38.49%. The ex-dividend date of this dividend is Friday, November 22nd.

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.