Advisors Asset Management Inc. Buys 14,005 Shares of 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. raised its position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 56.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,623 shares of the financial services provider's stock after purchasing an additional 14,005 shares during the quarter. Advisors Asset Management Inc. owned 0.15% of Adams Natural Resources Fund worth $881,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PEO. NBC Securities Inc. raised its position in Adams Natural Resources Fund by 114,200.0% in the first quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 1,142 shares during the last quarter. Comerica Bank raised its position in Adams Natural Resources Fund by 38.1% in the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 513 shares during the last quarter. Elequin Capital LP bought a new position in Adams Natural Resources Fund in the first quarter valued at about $81,000. Joel Isaacson & Co. LLC bought a new position in Adams Natural Resources Fund in the first quarter valued at about $254,000. Finally, Concurrent Investment Advisors LLC bought a new position in Adams Natural Resources Fund in the first quarter valued at about $317,000. 33.54% of the stock is currently owned by institutional investors.

Adams Natural Resources Fund Price Performance

Adams Natural Resources Fund stock traded down $0.10 during trading hours on Monday, hitting $21.49. The stock had a trading volume of 43,270 shares, compared to its average volume of 44,562. Adams Natural Resources Fund, Inc. has a one year low of $18.34 and a one year high of $24.79. The business's 50 day simple moving average is $21.52 and its 200-day simple moving average is $21.18.

Adams Natural Resources Fund Increases Dividend

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

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.