Potrero Capital Research LLC Cuts Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Potrero Capital Research LLC lessened its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 29.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 442,735 shares of the closed-end fund's stock after selling 186,319 shares during the period. Adams Diversified Equity Fund accounts for approximately 3.0% of Potrero Capital Research LLC's portfolio, making the stock its 12th biggest position. Potrero Capital Research LLC owned about 0.36% of Adams Diversified Equity Fund worth $9,545,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its position in Adams Diversified Equity Fund by 16.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund's stock valued at $4,108,000 after acquiring an additional 26,936 shares in the last quarter. Cetera Investment Advisers acquired a new position in Adams Diversified Equity Fund in the 1st quarter valued at about $2,679,000. Prevail Innovative Wealth Advisors LLC grew its position in Adams Diversified Equity Fund by 12.2% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund's stock valued at $4,725,000 after acquiring 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 about $2,126,000. Finally, Bensler LLC grew 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 valued at $11,491,000 after acquiring an additional 20,929 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of Adams Diversified Equity Fund stock traded up $0.07 on Wednesday, reaching $20.73. 340,475 shares of the company were exchanged, compared to its average volume of 207,429. Adams Diversified Equity Fund, Inc. has a 1-year low of $16.93 and a 1-year high of $22.63. The stock's 50 day moving average price is $21.63 and its 200-day moving average price is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.82%. The ex-dividend date is Friday, November 22nd.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction on Thursday, October 31st. The stock was bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares of the company's stock, valued at approximately $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company's stock.

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.