US Bancorp DE Lowers Stock Position in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

US Bancorp DE lessened its stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 14.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,858 shares of the closed-end fund’s stock after selling 1,473 shares during the period. US Bancorp DE’s holdings in Adams Diversified Equity Fund were worth $191,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC grew its position in Adams Diversified Equity Fund by 6.8% in the first quarter. Lazard Asset Management LLC now owns 4,401,972 shares of the closed-end fund’s stock worth $85,926,000 after acquiring an additional 279,285 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Adams Diversified Equity Fund in the 1st quarter worth about $2,679,000. Prevail Innovative Wealth Advisors LLC increased its position in shares of Adams Diversified Equity Fund by 12.2% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock valued at $4,725,000 after purchasing an additional 23,971 shares during the last quarter. Providence Wealth Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $2,126,000. Finally, Bensler LLC lifted its position in Adams Diversified Equity Fund by 4.1% in the 2nd quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock worth $11,491,000 after buying an additional 20,929 shares during the last quarter. Institutional investors own 28.41% of the company’s stock.

Insider Transactions at Adams Diversified Equity Fund

In related news, Director Frederic A. Escherich sold 9,500 shares of the 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 sale, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane Musser Nelson purchased 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now directly owns 4,982 shares in the company, valued at approximately $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. Company insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Stock Down 0.8 %

Shares of ADX opened at $22.27 on Friday. Adams Diversified Equity Fund, Inc. has a 1 year low of $16.47 and a 1 year high of $22.58. The stock has a 50 day simple moving average of $21.58 and a two-hundred day simple moving average of $21.13.

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.