Capital Investment Advisors LLC Cuts Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Capital Investment Advisors LLC lowered its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,650 shares of the closed-end fund’s stock after selling 4,098 shares during the quarter. Capital Investment Advisors LLC’s holdings in Adams Diversified Equity Fund were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Adams Diversified Equity Fund by 65.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,999 shares of the closed-end fund’s stock worth $259,000 after buying an additional 4,741 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $935,000. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter valued at approximately $1,642,000. RB Capital Management LLC boosted its holdings in Adams Diversified Equity Fund by 1.7% in the third quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock worth $4,102,000 after purchasing an additional 3,227 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in Adams Diversified Equity Fund in the 3rd quarter worth approximately $62,000. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Trading Down 0.6 %

Shares of ADX opened at $20.26 on Wednesday. The firm has a fifty day simple moving average of $20.94 and a two-hundred day simple moving average of $21.23. Adams Diversified Equity Fund, Inc. has a 1-year low of $17.40 and a 1-year high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd were issued a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a yield of 38.70%. The ex-dividend date was Friday, November 22nd.

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the purchase, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the transaction, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

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.