Integrated Wealth Concepts LLC Trims Holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Integrated Wealth Concepts LLC decreased its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 25.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,157 shares of the closed-end fund’s stock after selling 48,968 shares during the period. Integrated Wealth Concepts LLC owned 0.12% of Adams Diversified Equity Fund worth $3,130,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning increased its stake in shares of 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 purchasing an additional 633 shares in the last quarter. Sage Capital Advisors llc increased its stake in Adams Diversified Equity Fund by 3.6% in the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after buying an additional 885 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Adams Diversified Equity Fund by 2.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 950 shares during the period. Financial Counselors Inc. raised its holdings in Adams Diversified Equity Fund by 2.1% during the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after acquiring an additional 950 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position 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 valued at $1,660,000 after acquiring an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Insider Buying and Selling at Adams Diversified Equity Fund

In related news, Director Jane Musser Nelson bought 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

NYSE:ADX opened at $20.73 on Friday. The stock has a 50-day moving average price of $21.61 and a 200 day moving average price of $21.31. Adams Diversified Equity Fund, Inc. has a 12-month low of $16.95 and a 12-month high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 37.82%.

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.