Raymond James Financial Inc. bought a new position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 227,406 shares of the financial services provider's stock, valued at approximately $4,944,000. Raymond James Financial Inc. owned 0.89% of Adams Natural Resources Fund as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. City State Bank acquired a new stake in Adams Natural Resources Fund in the fourth quarter valued at about $25,000. Cullen Investment Group LTD. raised its stake in shares of Adams Natural Resources Fund by 1.9% during the 4th quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider's stock worth $626,000 after buying an additional 546 shares in the last quarter. Priebe Wealth Holdings LLC purchased a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at approximately $317,000. RFG Advisory LLC purchased a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at approximately $326,000. Finally, Principal Securities Inc. grew its holdings in Adams Natural Resources Fund by 50.1% during the fourth quarter. Principal Securities Inc. now owns 26,133 shares of the financial services provider's stock worth $568,000 after acquiring an additional 8,724 shares during the period. Institutional investors and hedge funds own 33.54% of the company's stock.
Adams Natural Resources Fund Price Performance
Adams Natural Resources Fund stock traded up $0.02 during midday trading on Tuesday, reaching $20.21. The company's stock had a trading volume of 56,727 shares, compared to its average volume of 50,738. Adams Natural Resources Fund, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $24.23. The stock's 50 day simple moving average is $21.37 and its 200 day simple moving average is $22.40.
Adams Natural Resources Fund Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, April 28th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 10.29%. The ex-dividend date of this dividend is Monday, April 28th.
Adams Natural Resources Fund Company Profile
(
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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