Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.23 and traded as high as $28.72. Adams Natural Resources Fund shares last traded at $28.36, with a volume of 67,715 shares.

Adams Natural Resources Fund Stock Performance

The firm has a 50 day moving average price of $26.29 and a two-hundred day moving average price of $26.29.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th will be paid a dividend of $0.54 per share. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, July 27th. This represents a $2.16 dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Adams Natural Resources Fund

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Adams Natural Resources Fund in the second quarter valued at $35,000. Global Retirement Partners LLC acquired a new stake in shares of Adams Natural Resources Fund in the 4th quarter valued at about $35,000. Comerica Bank raised its stake in shares of Adams Natural Resources Fund by 38.1% in the 1st 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Adams Natural Resources Fund during the third quarter worth about $48,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Adams Natural Resources Fund by 45.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.