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

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $25.73 and traded as high as $27.74. Adams Natural Resources Fund shares last traded at $27.64, with a volume of 62,834 shares traded.

Adams Natural Resources Fund Stock Up 0.7%

The business’s 50 day moving average is $25.73 and its two-hundred day moving average is $25.67.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, July 27th will be paid a dividend of $0.54 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, July 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PEO. Global Retirement Partners LLC bought a new position in shares of Adams Natural Resources Fund in the fourth quarter worth $35,000. Comerica Bank grew 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 buying an additional 513 shares in the last quarter. Advisory Services Network LLC bought a new position in Adams Natural Resources Fund in the 3rd quarter worth about $48,000. Geneos Wealth Management Inc. increased its stake in Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 801 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Adams Natural Resources Fund in the 4th quarter valued at about $64,000. 33.54% of the stock is owned by institutional investors.

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.