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

Raymond James Trust N.A. trimmed its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,478 shares of the closed-end fund’s stock after selling 1,526 shares during the period. Raymond James Trust N.A.’s holdings in Adams Diversified Equity Fund were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter worth $30,000. Rothschild Investment LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter worth approximately $45,000. Sunbelt Securities Inc. grew its position in 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 acquiring an additional 2,552 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Adams Diversified Equity Fund during the second quarter worth approximately $206,000. Finally, Founders Capital Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter worth approximately $225,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Stock Up 0.1 %

Shares of Adams Diversified Equity Fund stock opened at $20.45 on Tuesday. The company has a fifty day moving average of $21.73 and a 200-day moving average of $21.29. Adams Diversified Equity Fund, Inc. has a 52-week low of $16.84 and a 52-week high of $22.63.

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 issued a $1.96 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a dividend yield of 38.34%.

Insider Activity

In related news, 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 directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now directly owns 4,982 shares in the company, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.