Adams Natural Resources Fund (NYSE:PEO) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.72 and traded as high as $29.29. Adams Natural Resources Fund shares last traded at $28.78, with a volume of 63,203 shares trading hands.

Adams Natural Resources Fund Trading Down 0.6%

The company’s 50 day simple moving average is $27.79 and its 200-day simple moving average is $26.70.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, July 27th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 7.5%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, July 27th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Adams Natural Resources Fund during the 2nd quarter valued at about $16,153,000. Bank of New York Mellon Corp acquired a new stake in shares of Adams Natural Resources Fund in the second quarter worth approximately $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter worth approximately $8,515,000. S&CO Inc. purchased a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $2,743,000. Finally, Adams Diversified Equity Fund Inc. grew its holdings in Adams Natural Resources Fund by 2.3% in the fourth quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock valued at $55,930,000 after purchasing an additional 56,682 shares during the period. 33.54% of the stock is currently owned by institutional investors and hedge funds.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc (NYSE: PEO) is a closed-end investment company that seeks long-term capital appreciation and income by investing primarily in companies involved in the energy and natural resources sectors. Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy and other natural resources.

The fund provides shareholders with diversified exposure to natural-resource industries through investments in publicly traded companies.