Adams Natural Resources Fund, Inc. (NYSE:PEO) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,194 shares of the financial services provider’s stock after selling 3,039 shares during the quarter. Baird Financial Group Inc.’s holdings in Adams Natural Resources Fund were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. City State Bank acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth $25,000. Jones Financial Companies Lllp lifted its stake in shares of Adams Natural Resources Fund by 31.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider’s stock worth $99,000 after buying an additional 1,100 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Adams Natural Resources Fund by 13.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,405 shares during the period. Level Four Advisory Services LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth $301,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Adams Natural Resources Fund during the fourth quarter worth $317,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Price Performance

Shares of Adams Natural Resources Fund stock opened at $20.89 on Wednesday. The firm has a fifty day moving average price of $20.93 and a 200 day moving average price of $22.12. Adams Natural Resources Fund, Inc. has a 1 year low of $18.35 and a 1 year high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, April 28th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $2.08 annualized dividend and a dividend yield of 9.96%.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.