Priebe Wealth Holdings LLC Sells 31,273 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Priebe Wealth Holdings LLC decreased its holdings in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 219,251 shares of the closed-end fund’s stock after selling 31,273 shares during the quarter. Adams Diversified Equity Fund accounts for approximately 3.0% of Priebe Wealth Holdings LLC’s holdings, making the stock its 6th biggest holding. Priebe Wealth Holdings LLC’s holdings in Adams Diversified Equity Fund were worth $4,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADX. World Investment Advisors LLC bought a new stake in Adams Diversified Equity Fund in the third quarter valued at $34,599,000. Bensler LLC lifted its holdings in shares of Adams Diversified Equity Fund by 9.1% during the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after acquiring an additional 48,581 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after purchasing an additional 398,729 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Adams Diversified Equity Fund by 18.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 217,882 shares of the closed-end fund’s stock worth $4,401,000 after purchasing an additional 34,691 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth about $4,446,000. 28.41% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the acquisition, the director now directly 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 currently owned by corporate insiders.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock opened at $20.94 on Tuesday. Adams Diversified Equity Fund, Inc. has a 12-month low of $17.50 and a 12-month high of $22.63. The firm has a 50-day moving average price of $20.84 and a 200 day moving average price of $21.21.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced 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.

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.