Penserra Capital Management LLC bought a new position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 205,867 shares of the financial services provider's stock, valued at approximately $4,695,000. Penserra Capital Management LLC owned about 0.78% of Adams Natural Resources Fund as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of PEO. NBC Securities Inc. lifted its position in Adams Natural Resources Fund by 114,200.0% during the first quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,142 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Adams Natural Resources Fund by 31.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock valued at $99,000 after buying an additional 1,100 shares in the last quarter. Joel Isaacson & Co. LLC acquired a new position in Adams Natural Resources Fund during the first quarter valued at approximately $254,000. NewEdge Advisors LLC lifted its position in Adams Natural Resources Fund by 13.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock valued at $254,000 after buying an additional 1,405 shares in the last quarter. Finally, Level Four Advisory Services LLC acquired a new position in Adams Natural Resources Fund during the fourth quarter valued at approximately $301,000. 33.54% of the stock is owned by institutional investors and hedge funds.
Adams Natural Resources Fund Trading Down 0.3%
PEO stock traded down $0.07 during midday trading on Wednesday, reaching $21.97. 52,392 shares of the company's stock traded hands, compared to its average volume of 52,977. Adams Natural Resources Fund, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $24.23. The business has a 50-day moving average price of $20.91 and a two-hundred day moving average price of $21.49.
Adams Natural Resources Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th were given a dividend of $0.52 per share. The ex-dividend date was Monday, April 28th. This represents a $2.08 dividend on an annualized basis and a yield of 9.47%.
About Adams Natural Resources Fund
(
Free Report)
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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