Raymond James Trust N.A. Sells 1,526 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Raymond James Trust N.A. lessened its holdings in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,478 shares of the closed-end fund’s stock after selling 1,526 shares during the quarter. Raymond James Trust N.A.’s holdings in Adams Diversified Equity Fund were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter valued at $30,000. Rothschild Investment LLC bought a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $45,000. Sunbelt Securities Inc. increased its position 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 Adams Diversified Equity Fund in the second quarter worth about $206,000. Finally, Founders Capital Management LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter worth about $225,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price 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 represents a 30.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction 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 transaction, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % 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 Up 0.1 %

Adams Diversified Equity Fund stock opened at $20.45 on Tuesday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.84 and a fifty-two week high of $22.63. The stock’s 50 day simple moving average is $21.73 and its two-hundred day simple moving average is $21.29.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be paid a $1.96 dividend. The ex-dividend date is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.34%.

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.