Adams Natural Resources Fund (NYSE:PEO) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $26.46 and traded as high as $26.81. Adams Natural Resources Fund shares last traded at $26.5930, with a volume of 123,710 shares changing hands.

Adams Natural Resources Fund Price Performance

The firm’s 50-day moving average price is $26.43 and its 200 day moving average price is $24.72.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th were given a $0.52 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Monday, April 27th.

Institutional Trading of Adams Natural Resources Fund

Several large investors have recently modified their holdings of PEO. Global Retirement Partners LLC acquired a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at approximately $35,000. Comerica Bank grew its position in shares of Adams Natural Resources Fund by 38.1% in the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 513 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Adams Natural Resources Fund in the third quarter valued at approximately $48,000. Geneos Wealth Management Inc. grew its position in shares of Adams Natural Resources Fund by 45.2% in the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 801 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at approximately $64,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

About Adams Natural Resources Fund

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.