Adams Natural Resources Fund, Inc. $PEO Shares Bought by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund increased its PEO holdings by 1.9% in the third quarter, adding 51,949 shares to own 2,725,402 shares valued at approximately $75 million.
• Institutional investors and hedge funds own 33.54% of Adams Natural Resources Fund, with several firms initiating new positions during the second quarter.
• PEO shares opened at $29.62, near their 52-week high of $30.35, and the fund invests primarily in energy and natural-resources companies.

Adams Diversified Equity Fund Inc. increased its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,725,402 shares of the financial services provider's stock after acquiring an additional 51,949 shares during the period. Adams Natural Resources Fund comprises approximately 2.3% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 9th biggest holding. Adams Diversified Equity Fund Inc. owned about 9.91% of Adams Natural Resources Fund worth $75,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Adams Natural Resources Fund in the second quarter worth $16,153,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Adams Natural Resources Fund in the second quarter valued at $8,515,000. Aspire Capital Advisors LLC purchased a new position in shares of Adams Natural Resources Fund in the second quarter valued at $1,008,000. S&CO Inc. purchased a new position in shares of Adams Natural Resources Fund in the second quarter valued at $2,743,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Adams Natural Resources Fund during the 2nd quarter valued at $14,657,000. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Price Performance

Shares of PEO opened at $29.62 on Friday. The stock's 50-day simple moving average is $28.70 and its 200 day simple moving average is $27.00. Adams Natural Resources Fund, Inc. has a 52-week low of $21.00 and a 52-week high of $30.35.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund NYSE: PEO is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.

Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.

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