Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Free Report)’s stock price reached a new 52-week high during trading on Friday. The stock traded as high as $29.83 and last traded at $29.8450, with a volume of 43,250 shares trading hands. The stock had previously closed at $29.29.
Adams Natural Resources Fund Price Performance
The company’s 50 day simple moving average is $28.44 and its 200 day simple moving average is $26.90.
Institutional Investors Weigh In On Adams Natural Resources Fund
Large investors have recently modified their holdings of the stock. Whitener Capital Management Inc. increased its position in Adams Natural Resources Fund by 2.1% in the third quarter. Whitener Capital Management Inc. now owns 92,542 shares of the financial services provider’s stock worth $2,548,000 after buying an additional 1,926 shares during the last quarter. Community Financial Services Group LLC lifted its holdings in shares of Adams Natural Resources Fund by 175.0% in the third quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock worth $30,000 after buying an additional 700 shares in the last quarter. Meridian Investment Counsel Inc. bought a new stake in Adams Natural Resources Fund during the 3rd quarter worth approximately $214,000. Aspire Capital Advisors LLC bought a new stake in Adams Natural Resources Fund during the 2nd quarter worth approximately $1,008,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Adams Natural Resources Fund during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.
About Adams Natural Resources Fund
Adams Natural Resources Fund (NYSE: PEO) is a closed-end investment company that seeks long-term growth of capital and income by investing primarily in companies involved in natural resources. Its portfolio generally focuses on energy, metals, mining, and other basic-materials businesses.
The fund provides investors with diversified exposure to the natural-resources sector through publicly traded companies. Its investments may include producers, developers, and service providers across areas such as oil and natural gas, precious and industrial metals, and other resource-related industries.
Adams Natural Resources Fund is managed by Adams Investment Management, an affiliated investment manager of Adams Funds.
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