1607 Capital Partners LLC Has $1.34 Million Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

1607 Capital Partners LLC lessened its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,634 shares of the financial services provider's stock after selling 20,704 shares during the quarter. 1607 Capital Partners LLC owned 0.24% of Adams Natural Resources Fund worth $1,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEO. Raymond James Financial Inc. acquired a new position in Adams Natural Resources Fund in the fourth quarter worth about $4,944,000. Adams Diversified Equity Fund Inc. grew its stake in shares of Adams Natural Resources Fund by 4.6% in the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,340,933 shares of the financial services provider's stock valued at $50,892,000 after purchasing an additional 102,254 shares during the period. Sprott Inc. raised its holdings in shares of Adams Natural Resources Fund by 307.3% in the 4th quarter. Sprott Inc. now owns 52,487 shares of the financial services provider's stock worth $1,141,000 after buying an additional 39,599 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Adams Natural Resources Fund in the 3rd quarter valued at $590,000. Finally, RFG Advisory LLC bought a new stake in Adams Natural Resources Fund in the fourth quarter valued at $326,000. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Stock Up 1.6 %

Shares of NYSE PEO traded up $0.32 during midday trading on Friday, reaching $20.35. 53,629 shares of the company traded hands, compared to its average volume of 50,138. The stock's 50-day simple moving average is $21.64 and its 200-day simple moving average is $22.58. Adams Natural Resources Fund, Inc. has a 12 month low of $18.35 and a 12 month high of $24.23.

Insider Activity at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley acquired 1,450 shares of Adams Natural Resources Fund stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $23.30 per share, with a total value of $33,785.00. Following the completion of the purchase, the vice president now owns 17,604 shares in the company, valued at $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

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.