Royal Bank of Canada Has $11.86 Million Position in Adams Natural Resources Fund, Inc. $PEO

Royal Bank of Canada lessened its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 17.9% in the first quarter, Holdings Channel reports. The institutional investor owned 426,717 shares of the financial services provider’s stock after selling 92,722 shares during the period. Royal Bank of Canada’s holdings in Adams Natural Resources Fund were worth $11,863,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in Adams Natural Resources Fund in the 4th quarter valued at approximately $35,000. Comerica Bank lifted its holdings in shares of 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 purchasing an additional 513 shares during the period. Advisory Services Network LLC bought a new stake in shares of Adams Natural Resources Fund in the third quarter worth $48,000. Geneos Wealth Management Inc. grew its stake 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 worth $55,000 after purchasing an additional 801 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Adams Natural Resources Fund in the fourth quarter valued at $64,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Stock Down 0.2%

Shares of NYSE:PEO opened at $26.37 on Friday. Adams Natural Resources Fund, Inc. has a 12-month low of $20.57 and a 12-month high of $28.88. The business has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $25.95.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, July 27th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, July 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 8.2%.

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.