Integrated Wealth Concepts LLC Sells 48,968 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Integrated Wealth Concepts LLC cut its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 25.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,157 shares of the closed-end fund's stock after selling 48,968 shares during the period. Integrated Wealth Concepts LLC owned about 0.12% of Adams Diversified Equity Fund worth $3,130,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bensler LLC lifted its stake in Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund's stock valued at $12,575,000 after acquiring an additional 48,581 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Adams Diversified Equity Fund by 1.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund's stock worth $12,080,000 after buying an additional 10,210 shares during the last quarter. Raymond James & Associates raised its holdings in Adams Diversified Equity Fund by 10.8% during the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund's stock valued at $11,421,000 after buying an additional 51,599 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of Adams Diversified Equity Fund by 2,789.5% in the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund's stock worth $8,905,000 after buying an additional 398,729 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Adams Diversified Equity Fund by 1.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 412,311 shares of the closed-end fund's stock worth $8,861,000 after acquiring an additional 4,773 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Up 0.4 %

Shares of ADX stock traded up $0.08 during trading on Friday, reaching $20.81. The company had a trading volume of 186,865 shares, compared to its average volume of 207,441. The firm's 50 day simple moving average is $21.60 and its two-hundred day simple moving average is $21.31. Adams Diversified Equity Fund, Inc. has a one year low of $16.98 and a one year high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.67%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The shares were purchased at an average price 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction that occurred 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 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.