Koshinski Asset Management Inc. Purchases 1,117 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Koshinski Asset Management Inc. grew its position in Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,101 shares of the closed-end fund’s stock after buying an additional 1,117 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Adams Diversified Equity Fund were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock valued at $4,108,000 after purchasing an additional 26,936 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $721,000. Wolverine Asset Management LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $655,000. Shaker Financial Services LLC bought a new position in shares of Adams Diversified Equity Fund in the third quarter valued at about $4,446,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Adams Diversified Equity Fund during the 3rd quarter worth about $935,000. 28.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction dated 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 $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased 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 in the company, valued at approximately $108,059.58. The trade was a 30.18 % increase in their position. 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 NYSE:ADX opened at $21.08 on Wednesday. Adams Diversified Equity Fund, Inc. has a 12 month low of $17.80 and a 12 month high of $22.63. The company’s 50-day moving average price is $20.80 and its two-hundred day moving average price is $21.21.

Adams Diversified Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Monday, January 27th.

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.