Koshinski Asset Management Inc. Has $1.21 Million Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Koshinski Asset Management Inc. grew its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 60,101 shares of the closed-end fund’s stock after buying an additional 1,117 shares during the period. Koshinski Asset Management Inc.’s holdings in Adams Diversified Equity Fund were worth $1,214,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new position in Adams Diversified Equity Fund during the second quarter valued at about $2,133,000. Creative Planning grew its holdings in shares of Adams Diversified Equity Fund by 5.0% during the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock worth $286,000 after purchasing an additional 633 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Adams Diversified Equity Fund by 20.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 39,852 shares of the closed-end fund’s stock valued at $856,000 after purchasing an additional 6,880 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Adams Diversified Equity Fund by 23,200.0% in the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Adams Diversified Equity Fund by 1.5% in the second quarter. Cetera Investment Advisers now owns 139,315 shares of the closed-end fund’s stock worth $2,994,000 after purchasing an additional 2,064 shares during the period. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Up 0.7 %

ADX opened at $21.08 on Wednesday. The firm’s fifty day moving average price is $20.80 and its two-hundred day moving average price is $21.21. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 8.92%.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Frederic A. Escherich sold 9,500 shares of the business’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 sale, the director now owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane Musser Nelson acquired 1,155 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the purchase, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. This 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 currently owned by insiders.

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.