Adams Natural Resources Fund (NYSE:PEO) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $28.38 and traded as high as $29.74. Adams Natural Resources Fund shares last traded at $29.5590, with a volume of 42,641 shares trading hands.

Adams Natural Resources Fund Stock Up 2.0%

The company has a fifty day moving average price of $28.44 and a 200-day moving average price of $26.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Evolve Private Wealth LLC grew its holdings 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 period. PNC Financial Services Group Inc. increased its position in shares of Adams Natural Resources Fund by 30.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 600 shares during the last quarter. Community Financial Services Group LLC raised its holdings in Adams Natural Resources Fund by 175.0% in the 3rd quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock valued at $30,000 after buying an additional 700 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Adams Natural Resources Fund in the 2nd quarter valued at about $35,000. Finally, Bank of America Corp DE raised its holdings in Adams Natural Resources Fund by 0.9% in the 1st quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock valued at $3,455,000 after buying an additional 1,107 shares during the period. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company Profile

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.