Adams Natural Resources Fund (NYSE:PEO) Shares Cross Below Fifty Day Moving Average - Here's What Happened

Key Points

• Adams Natural Resources Fund shares fell below their fifty-day moving average of $21.47, trading recently at $21.49 with a volume of 40,415 shares.
• The fund announced a quarterly dividend of $0.51, a significant increase from the previous $0.16, resulting in an annualized yield of 9.5%.
• Institutional ownership of the company's shares stands at 33.54%, with several firms recently increasing their positions significantly in the fund.

Adams Natural Resources Fund, Inc. (NYSE:PEO - ) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.47 and traded as low as $21.38. Adams Natural Resources Fund shares last traded at $21.49, with a volume of 40,415 shares changing hands.

Adams Natural Resources Fund Stock Down 0.0%

The stock's 50 day moving average is $21.47 and its 200 day moving average is $21.18.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, July 28th were paid a $0.51 dividend. This is an increase from Adams Natural Resources Fund's previous quarterly dividend of $0.16. The ex-dividend date was Monday, July 28th. This represents a $2.04 dividend on an annualized basis and a yield of 9.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PEO. Penserra Capital Management LLC acquired a new position in Adams Natural Resources Fund in the 1st quarter valued at about $4,695,000. Wolverine Asset Management LLC grew its position in shares of Adams Natural Resources Fund by 123.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 114,170 shares of the financial services provider's stock worth $2,440,000 after purchasing an additional 63,096 shares in the last quarter. Adams Diversified Equity Fund Inc. grew its position in shares of Adams Natural Resources Fund by 2.5% during the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 2,456,181 shares of the financial services provider's stock worth $52,489,000 after purchasing an additional 59,934 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Adams Natural Resources Fund by 843.9% during the 1st 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 in the last quarter. Finally, Burney Co. acquired a new position in shares of Adams Natural Resources Fund during the 1st quarter worth approximately $632,000. Institutional investors and hedge funds own 33.54% of the company's stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. 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.

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