Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock Position Trimmed by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 372,171 shares of the closed-end fund's stock after selling 159,287 shares during the period. Raymond James & Associates owned 0.30% of Adams Diversified Equity Fund worth $8,024,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADX. Quad Cities Investment Group LLC raised its stake in shares of Adams Diversified Equity Fund by 6.7% in the 3rd quarter. Quad Cities Investment Group LLC now owns 23,178 shares of the closed-end fund's stock valued at $500,000 after acquiring an additional 1,449 shares during the period. Koshinski Asset Management Inc. grew its holdings in Adams Diversified Equity Fund by 4.5% during the 3rd quarter. Koshinski Asset Management Inc. now owns 58,984 shares of the closed-end fund's stock valued at $1,272,000 after purchasing an additional 2,545 shares in the last quarter. Sage Capital Advisors llc grew its holdings in Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund's stock valued at $548,000 after purchasing an additional 885 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Adams Diversified Equity Fund by 2.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund's stock valued at $1,013,000 after purchasing an additional 950 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Adams Diversified Equity Fund during the 2nd quarter valued at $2,336,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson acquired 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 acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Adams Diversified Equity Fund news, 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 completion of the transaction, the director now directly owns 49,908 shares of the company's stock, valued at $1,094,482.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane Musser Nelson purchased 1,155 shares of the firm's stock in a transaction dated 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 completion of the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Adams Diversified Equity Fund Price Performance

ADX traded down $0.31 during trading hours on Thursday, reaching $21.65. 287,088 shares of the stock traded hands, compared to its average volume of 192,258. The firm's fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $20.90. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.49.

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.