Wealthcare Advisory Partners LLC Cuts Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Wealthcare Advisory Partners LLC reduced its position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,066 shares of the financial services provider's stock after selling 19,480 shares during the quarter. Wealthcare Advisory Partners LLC owned 0.14% of Adams Natural Resources Fund worth $784,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider's stock worth $76,000 after buying an additional 2,283 shares during the period. Cullen Investment Group LTD. increased its stake in Adams Natural Resources Fund by 2.1% in the third quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider's stock worth $656,000 after purchasing an additional 580 shares during the period. Raymond James & Associates lifted its position in shares of Adams Natural Resources Fund by 3.7% during the third quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider's stock worth $5,026,000 after purchasing an additional 7,727 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in shares of Adams Natural Resources Fund by 2.4% during the third quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider's stock valued at $51,982,000 after purchasing an additional 51,905 shares during the period. Finally, Whitener Capital Management Inc. increased its stake in Adams Natural Resources Fund by 0.7% in the 3rd quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider's stock worth $1,729,000 after buying an additional 531 shares during the period. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Stock Performance

Shares of NYSE:PEO traded up $0.37 during trading on Monday, reaching $23.80. 292,860 shares of the company were exchanged, compared to its average volume of 43,771. The business's fifty day simple moving average is $22.81 and its 200-day simple moving average is $23.19. Adams Natural Resources Fund, Inc. has a 12-month low of $19.85 and a 12-month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.53 per share. This is an increase from Adams Natural Resources Fund's previous dividend of $0.16. The ex-dividend date of this dividend is Monday, January 27th.

Adams Natural Resources Fund 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.