Adams Diversified Equity Fund Inc. Grows Stake in Adams Natural Resources Fund, Inc. $PEO

Adams Diversified Equity Fund Inc. boosted its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,516,002 shares of the financial services provider’s stock after purchasing an additional 59,821 shares during the quarter. Adams Natural Resources Fund makes up 1.8% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 10th biggest position. Adams Diversified Equity Fund Inc. owned approximately 9.57% of Adams Natural Resources Fund worth $54,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Adams Natural Resources Fund by 38.1% in the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after buying an additional 513 shares during the period. Advisors Asset Management Inc. boosted its stake in Adams Natural Resources Fund by 56.9% during the first quarter. Advisors Asset Management Inc. now owns 38,623 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 14,005 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Adams Natural Resources Fund by 843.9% in the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 38,374 shares during the period. Focus Partners Wealth grew its holdings in Adams Natural Resources Fund by 8.9% in the first quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 1,380 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Adams Natural Resources Fund by 4.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,146 shares of the financial services provider’s stock valued at $1,360,000 after purchasing an additional 2,370 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of PEO opened at $21.99 on Wednesday. The business’s 50 day moving average price is $21.64 and its 200-day moving average price is $21.56. Adams Natural Resources Fund, Inc. has a 52 week low of $18.34 and a 52 week high of $23.97.

Adams Natural Resources Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 21st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Friday, November 21st.

Adams Natural Resources Fund 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.