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

Pathstone Holdings LLC lessened its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 86.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and 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 and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter worth about $30,000. Rothschild Investment LLC purchased a new position in shares of Adams Diversified Equity Fund during the second quarter valued at approximately $45,000. Sunbelt Securities Inc. increased its stake in shares of Adams Diversified Equity Fund by 23,200.0% during the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund's stock valued at $55,000 after buying an additional 2,552 shares during the period. Great Valley Advisor Group Inc. bought a new position in shares of Adams Diversified Equity Fund during the second quarter valued at approximately $206,000. Finally, Founders Capital Management LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter worth $225,000. Institutional investors own 28.41% of the company's stock.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares of the company's stock, valued at $108,059.58. This represents a 30.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic A. Escherich sold 4,833 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the sale, the director now owns 59,408 shares in the company, valued at approximately $1,301,035.20. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Adams Diversified Equity Fund Stock Performance

NYSE:ADX traded down $0.15 during trading hours on Thursday, hitting $20.37. The company had a trading volume of 424,982 shares, compared to its average volume of 207,173. Adams Diversified Equity Fund, Inc. has a 52 week low of $16.85 and a 52 week high of $22.63. The stock has a 50-day moving average price of $21.70 and a 200 day moving average price of $21.29.

Adams Diversified Equity Fund Announces Dividend

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

Adams Diversified Equity Fund 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.