Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.91 and traded as low as $20.69. Adams Natural Resources Fund shares last traded at $20.88, with a volume of 51,782 shares trading hands.
Adams Natural Resources Fund Stock Performance
The firm's 50 day moving average is $20.91 and its 200-day moving average is $21.10.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.40 annualized dividend and a yield of 1.92%.
Institutional Trading of Adams Natural Resources Fund
Several large investors have recently bought and sold shares of PEO. 1832 Asset Management L.P. purchased a new stake in Adams Natural Resources Fund during the 1st quarter valued at about $4,434,000. Raymond James & Associates boosted its holdings in Adams Natural Resources Fund by 308.9% in the 1st quarter. Raymond James & Associates now owns 175,456 shares of the financial services provider's stock valued at $3,672,000 after purchasing an additional 132,544 shares during the last quarter. Whitener Capital Management Inc. acquired a new position in Adams Natural Resources Fund in the 1st quarter valued at about $1,267,000. Nations Financial Group Inc. IA ADV acquired a new position in Adams Natural Resources Fund in the 1st quarter valued at about $1,228,000. Finally, HighTower Advisors LLC boosted its holdings in Adams Natural Resources Fund by 189.9% in the 4th quarter. HighTower Advisors LLC now owns 67,045 shares of the financial services provider's stock valued at $1,111,000 after purchasing an additional 43,917 shares during the last quarter. Hedge funds and other institutional investors own 31.04% of the company's stock.About Adams Natural Resources Fund
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Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. 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.
Further Reading
- Get a free copy of the StockNews.com research report on Adams Natural Resources Fund (PEO)
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