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

Pathstone Holdings LLC lessened its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 86.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,006 shares of the closed-end fund’s stock after selling 508,770 shares during the period. Pathstone Holdings LLC’s holdings in Adams Diversified Equity Fund were worth $1,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADX. Cetera Investment Advisers acquired a new stake in Adams Diversified Equity Fund during the 1st quarter worth about $2,679,000. Prevail Innovative Wealth Advisors LLC grew its position in Adams Diversified Equity Fund by 12.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock valued at $4,725,000 after purchasing an additional 23,971 shares in the last quarter. Providence Wealth Advisors LLC acquired a new position in Adams Diversified Equity Fund in the 2nd quarter valued at approximately $2,126,000. Bensler LLC lifted its position in Adams Diversified Equity Fund by 4.1% in the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock worth $11,491,000 after buying an additional 20,929 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $655,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Insider Transactions at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now owns 49,908 shares in the company, 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 Stock Down 0.7 %

NYSE ADX opened at $20.37 on Thursday. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.85 and a 1-year high of $22.63. The firm’s fifty day simple moving average is $21.70 and its 200-day simple moving average is $21.29.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a $1.96 dividend. This represents a $7.84 annualized dividend and a 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.