Advisors Asset Management Inc. Increases Position in Adams Natural Resources Fund, Inc. $PEO

Advisors Asset Management Inc. lifted its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 47.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,376 shares of the financial services provider’s stock after acquiring an additional 21,554 shares during the period. Advisors Asset Management Inc. owned 0.26% of Adams Natural Resources Fund worth $1,450,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new position in Adams Natural Resources Fund in the third quarter worth about $32,000. 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 last quarter. Geneos Wealth Management Inc. raised its stake in shares of Adams Natural Resources Fund by 45.2% during the 2nd 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 in the last quarter. NewEdge Advisors LLC lifted its position in Adams Natural Resources Fund by 4.7% during the second quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 567 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Adams Natural Resources Fund by 7.5% in the second quarter. Concurrent Investment Advisors LLC now owns 14,932 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 1,042 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Down 0.2%

Shares of PEO stock opened at $25.59 on Tuesday. The business’s fifty day simple moving average is $23.09 and its 200-day simple moving average is $22.04. Adams Natural Resources Fund, Inc. has a 12-month low of $18.34 and a 12-month high of $26.09.

Adams Natural Resources Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, January 26th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, January 26th.

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.