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

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.73 and traded as high as $26.90. Adams Natural Resources Fund shares last traded at $26.74, with a volume of 117,220 shares trading hands.

Adams Natural Resources Fund Stock Performance

The company’s 50-day simple moving average is $24.73 and its 200 day simple moving average is $22.68.

Adams Natural Resources Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Monday, January 26th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, January 26th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Several large investors have recently made changes to their positions in PEO. Highline Wealth Partners LLC bought a new stake in shares of Adams Natural Resources Fund during the 3rd quarter worth $32,000. Global Retirement Partners LLC bought a new position in Adams Natural Resources Fund during the fourth quarter valued at about $35,000. Comerica Bank increased its holdings in 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 buying an additional 513 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Adams Natural Resources Fund during the third quarter worth about $48,000. Finally, Geneos Wealth Management Inc. raised its position in 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 acquiring an additional 801 shares during the period. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company 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.