Fifth Third Bancorp Sells 1,310 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Fifth Third Bancorp decreased its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 30.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,000 shares of the financial services provider’s stock after selling 1,310 shares during the quarter. Fifth Third Bancorp’s holdings in Adams Natural Resources Fund were worth $68,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. boosted its position in shares of Adams Natural Resources Fund by 114,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Adams Natural Resources Fund by 31.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 1,100 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Adams Natural Resources Fund by 13.6% during the 4th quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 1,405 shares in the last quarter. Level Four Advisory Services LLC acquired a new stake in shares of Adams Natural Resources Fund during the 4th quarter valued at about $301,000. Finally, Moors & Cabot Inc. boosted its position in shares of Adams Natural Resources Fund by 4.6% during the 4th quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 669 shares in the last quarter. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Up 1.0%

Shares of Adams Natural Resources Fund stock opened at $22.08 on Friday. The firm’s 50-day simple moving average is $20.51 and its 200-day simple moving average is $21.53. Adams Natural Resources Fund, Inc. has a twelve month low of $18.35 and a twelve month high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th were given a $0.52 dividend. The ex-dividend date was Monday, April 28th. This represents a $2.08 dividend on an annualized basis and a yield of 9.42%.

Adams Natural Resources Fund 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.