Redwood Investment Management LLC Acquires New Shares in Adams Natural Resources Fund, Inc. $PEO

Redwood Investment Management LLC acquired a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,172 shares of the financial services provider’s stock, valued at approximately $1,162,000. Redwood Investment Management LLC owned about 0.09% of Adams Natural Resources Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PEO. Global Retirement Partners LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter valued at about $35,000. Comerica Bank increased its stake in shares of Adams Natural Resources Fund by 38.1% in the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after buying an additional 513 shares during the period. Advisory Services Network LLC acquired a new position in shares of Adams Natural Resources Fund in the third quarter valued at approximately $48,000. Geneos Wealth Management Inc. raised its holdings in Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after buying an additional 801 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in Adams Natural Resources Fund in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Up 0.2%

NYSE:PEO opened at $28.30 on Thursday. Adams Natural Resources Fund, Inc. has a one year low of $20.75 and a one year high of $28.88. The firm’s 50 day simple moving average is $26.36 and its 200 day simple moving average is $26.31.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, July 27th were paid a $0.54 dividend. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, July 27th.

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.