Advisors Asset Management Inc. Has $881,000 Stock Position in Adams Natural Resources Fund, Inc. $PEO

Key Points

• Advisors Asset Management Inc. increased its holdings in Adams Natural Resources Fund by 56.9% during Q1, now owning 38,623 shares valued at approximately $881,000.
• The Adams Natural Resources Fund recently changed its quarterly dividend to $0.51 per share, a significant increase from the previous $0.16, resulting in a yield of 9.5%.
• Adams Natural Resources Fund's stock price has shown resilience, with a current value of $21.44 and a 12-month range between $18.34 and $24.79.

Advisors Asset Management Inc. increased its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 56.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,623 shares of the financial services provider's stock after purchasing an additional 14,005 shares during the period. Advisors Asset Management Inc. owned approximately 0.15% of Adams Natural Resources Fund worth $881,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Focus Partners Wealth increased its position in shares of Adams Natural Resources Fund by 3.6% in the fourth quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock worth $338,000 after purchasing an additional 541 shares during the period. Cetera Investment Advisers boosted its stake in shares of Adams Natural Resources Fund by 23.1% during the first quarter. Cetera Investment Advisers now owns 25,598 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 4,802 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Adams Natural Resources Fund during the first quarter valued at about $4,695,000. Adams Diversified Equity Fund Inc. boosted its stake in shares of Adams Natural Resources Fund by 2.4% during the first quarter. Adams Diversified Equity Fund Inc. now owns 2,396,247 shares of the financial services provider's stock valued at $54,658,000 after purchasing an additional 55,314 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Adams Natural Resources Fund by 1.4% during the first quarter. D.A. Davidson & CO. now owns 64,895 shares of the financial services provider's stock valued at $1,480,000 after purchasing an additional 921 shares in the last quarter. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Price Performance

Shares of Adams Natural Resources Fund stock traded down $0.01 during midday trading on Friday, reaching $21.62. The company had a trading volume of 30,814 shares, compared to its average volume of 44,308. The stock has a fifty day moving average price of $21.52 and a 200 day moving average price of $21.19. Adams Natural Resources Fund, Inc. has a fifty-two week low of $18.34 and a fifty-two week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Monday, July 28th.

Adams Natural Resources Fund Company Profile

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.