Sage Capital Advisors llc Sells 2,700 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Sage Capital Advisors llc trimmed its position in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,702 shares of the closed-end fund’s stock after selling 2,700 shares during the period. Sage Capital Advisors llc’s holdings in Adams Diversified Equity Fund were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $34,599,000. Bensler LLC raised its stake in Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after buying an additional 48,581 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in Adams Diversified Equity Fund by 2,789.5% in the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after acquiring an additional 398,729 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its stake in shares of Adams Diversified Equity Fund by 12.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock worth $4,725,000 after acquiring an additional 23,971 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter valued at about $4,446,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 9,500 shares of the company’s 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 sale, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. The trade was 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 Stock Down 1.0 %

ADX stock traded down $0.20 during trading on Friday, reaching $20.26. The company had a trading volume of 320,738 shares, compared to its average volume of 325,625. Adams Diversified Equity Fund, Inc. has a twelve month low of $17.40 and a twelve month high of $22.63. The firm has a 50-day simple moving average of $21.02 and a 200-day simple moving average of $21.26.

Adams Diversified Equity Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd were issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.70%. The ex-dividend date of this dividend was Friday, November 22nd.

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.