Potrero Capital Research LLC Sells 186,319 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Potrero Capital Research LLC cut its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 3.0% of Potrero Capital Research LLC’s portfolio, making the stock its 12th largest holding. Potrero Capital Research LLC’s holdings in Adams Diversified Equity Fund were worth $9,545,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning raised its position in Adams Diversified Equity Fund by 5.0% in the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock worth $286,000 after acquiring an additional 633 shares during the period. Sage Capital Advisors llc increased its stake in shares of Adams Diversified Equity Fund by 3.6% in the third quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after purchasing an additional 885 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Adams Diversified Equity Fund by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock worth $1,660,000 after purchasing an additional 1,045 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors.

Insider Transactions at Adams Diversified Equity Fund

In related 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 approximately $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jane Musser Nelson bought 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Price Performance

Shares of NYSE ADX opened at $20.66 on Wednesday. The firm has a fifty day moving average price of $21.63 and a 200-day moving average price of $21.31. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.92 and a 1 year high of $22.63.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 37.95%.

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.