Adams Natural Resources Fund (NYSE:PEO) Sets New 52-Week High – Here’s What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.88 and last traded at $28.8010, with a volume of 9610 shares traded. The stock had previously closed at $28.31.

Adams Natural Resources Fund Stock Up 1.3%

The company’s 50 day moving average is $26.51 and its 200 day moving average is $26.36.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th were given a dividend of $0.54 per share. The ex-dividend date was Monday, July 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Adams Natural Resources Fund

Several large investors have recently modified their holdings of the business. Evolve Private Wealth LLC boosted its stake in shares of Adams Natural Resources Fund by 1.9% during the 1st quarter. Evolve Private Wealth LLC now owns 25,824 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 491 shares during the last quarter. Comerica Bank boosted 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 worth $42,000 after acquiring an additional 513 shares during the last quarter. NewEdge Advisors LLC grew its stake in Adams Natural Resources Fund by 4.7% in the 2nd quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 567 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Adams Natural Resources Fund by 30.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 600 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Adams Natural Resources Fund in the second quarter worth approximately $35,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

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.