Aspire Capital Advisors LLC Purchases New Position in Adams Natural Resources Fund, Inc. $PEO

Key Points

• Aspire Capital Advisors LLC acquired 40,764 shares of Adams Natural Resources Fund (NYSE: PEO) in the second quarter, valued at approximately $1.01 million and representing about 0.15% of the fund.
• Institutional ownership of PEO stands at 33.54%, with several investors increasing their positions, including Jones Financial Companies, First Trust Advisors, and Baird Financial Group.
• PEO shares recently opened at $28.86, near their 52-week high of $29.53, while the fund increased its quarterly dividend to $0.54 per share, implying an annualized yield of approximately 7.5%.

Aspire Capital Advisors LLC acquired a new position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,764 shares of the financial services provider's stock, valued at approximately $1,008,000. Aspire Capital Advisors LLC owned about 0.15% of Adams Natural Resources Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEO. Comerica Bank raised its stake in shares of 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 worth $42,000 after purchasing an additional 513 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider's stock valued at $979,000 after purchasing an additional 38,374 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Adams Natural Resources Fund by 8.9% during the first quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider's stock valued at $387,000 after buying an additional 1,380 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Adams Natural Resources Fund by 9.1% during the second quarter. First Trust Advisors LP now owns 62,564 shares of the financial services provider's stock valued at $1,337,000 after buying an additional 5,204 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Adams Natural Resources Fund by 21.9% in the 2nd quarter. Baird Financial Group Inc. now owns 32,961 shares of the financial services provider's stock worth $704,000 after buying an additional 5,915 shares in the last quarter. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Price Performance

Shares of NYSE:PEO opened at $28.86 on Friday. Adams Natural Resources Fund, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $29.53. The business has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $26.47.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, July 27th were paid a $0.54 dividend. This is a boost from Adams Natural Resources Fund's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, July 27th.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund NYSE: PEO is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.

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