Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Free Report) hit a new 52-week high during trading on Thursday. The company traded as high as $30.31 and last traded at $30.1550, with a volume of 54,528 shares changing hands. The stock had previously closed at $30.14.
Adams Natural Resources Fund Stock Up 3.7%
The firm has a 50 day moving average price of $28.76 and a 200 day moving average price of $27.02.
Hedge Funds Weigh In On Adams Natural Resources Fund
A number of hedge funds have recently modified their holdings of PEO. Community Financial Services Group LLC lifted its holdings in Adams Natural Resources Fund by 175.0% in the 3rd quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Adams Natural Resources Fund during the second quarter valued at approximately $35,000. Fifth Third Bancorp lifted its holdings in shares of Adams Natural Resources Fund by 2,697.6% in the first quarter. Fifth Third Bancorp now owns 2,294 shares of the financial services provider’s stock worth $64,000 after buying an additional 2,212 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Adams Natural Resources Fund by 30.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 600 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Adams Natural Resources Fund during the first quarter valued at $153,000. 33.54% of the stock is currently owned by institutional investors.
Adams Natural Resources Fund Company Profile
Adams Natural Resources Fund (NYSE: PEO) is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.
Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.
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