MassMutual Private Wealth & Trust FSB Buys 4,440 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

MassMutual Private Wealth & Trust FSB grew its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 9.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,405 shares of the closed-end fund’s stock after acquiring an additional 4,440 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Adams Diversified Equity Fund were worth $1,038,000 at the end of the most recent quarter.

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

Adams Diversified Equity Fund Price Performance

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 stock has a fifty day moving average price of $20.80 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. Shareholders of record on Monday, January 27th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 8.92%.

Insider Buying and Selling at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson purchased 1,155 shares of Adams Diversified Equity Fund stock in a transaction dated 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 completion of the transaction, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 4,833 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the sale, the director now directly owns 59,408 shares of the company’s stock, valued at $1,301,035.20. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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.