Adams Diversified Equity Fund, Inc. (NYSE:ADX) Stock Position Reduced by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC lowered its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,251 shares of the closed-end fund’s stock after selling 31,273 shares during the period. Adams Diversified Equity Fund comprises about 3.0% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 6th biggest holding. Priebe Wealth Holdings LLC owned 0.18% of Adams Diversified Equity Fund worth $4,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans acquired a new stake in Adams Diversified Equity Fund in the second quarter valued at approximately $2,133,000. Creative Planning lifted its stake in shares of Adams Diversified Equity Fund by 5.0% in the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after purchasing an additional 633 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Adams Diversified Equity Fund by 20.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 39,852 shares of the closed-end fund’s stock worth $856,000 after purchasing an additional 6,880 shares in the last quarter. Sunbelt Securities Inc. increased 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 worth $55,000 after buying an additional 2,552 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Adams Diversified Equity Fund by 1.5% during the second quarter. Cetera Investment Advisers now owns 139,315 shares of the closed-end fund’s stock valued at $2,994,000 after buying an additional 2,064 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was 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 owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the purchase, the director now 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 owned by insiders.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock opened at $20.94 on Tuesday. The stock’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $21.21. Adams Diversified Equity Fund, Inc. has a twelve month low of $17.50 and a twelve month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend is Monday, January 27th.

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.