Adams Natural Resources Fund (NYSE:PEO) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $23.78 and traded as high as $26.03. Adams Natural Resources Fund shares last traded at $25.8750, with a volume of 56,814 shares.

Adams Natural Resources Fund Stock Down 0.0%

The firm’s fifty day simple moving average is $23.78 and its 200 day simple moving average is $22.30.

Adams Natural Resources Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Monday, January 26th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, January 26th.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in Adams Natural Resources Fund by 38.1% during the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after buying an additional 513 shares during the period. Jones Financial Companies Lllp grew its stake in Adams Natural Resources Fund by 843.9% during the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 38,374 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Adams Natural Resources Fund by 8.9% in the 1st quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 1,380 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Adams Natural Resources Fund by 123.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 114,170 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 63,096 shares during the period. Finally, Kovack Advisors Inc. lifted its position in shares of Adams Natural Resources Fund by 2.5% in the second quarter. Kovack Advisors Inc. now owns 25,458 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.