Adams Natural Resources Fund (NYSE:PEO) Sets New 12-Month High – What’s Next?

Adams Natural Resources Fund, Inc. (NYSE:PEO) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $29.83 and last traded at $29.8450, with a volume of 43,250 shares traded. The stock had previously closed at $29.29.

Adams Natural Resources Fund Price Performance

The business’s 50-day moving average is $28.44 and its 200 day moving average is $26.90.

Institutional Trading of Adams Natural Resources Fund

Several large investors have recently modified their holdings of the business. Whitener Capital Management Inc. increased its holdings in Adams Natural Resources Fund by 2.1% during the 3rd quarter. Whitener Capital Management Inc. now owns 92,542 shares of the financial services provider’s stock valued at $2,548,000 after purchasing an additional 1,926 shares during the period. 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 buying an additional 700 shares during the period. Meridian Investment Counsel Inc. purchased a new stake in Adams Natural Resources Fund in the 3rd quarter worth approximately $214,000. Aspire Capital Advisors LLC purchased a new stake in Adams Natural Resources Fund in the 2nd quarter worth approximately $1,008,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Adams Natural Resources Fund in the 2nd quarter worth approximately $35,000. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end investment company that seeks long-term growth of capital and income by investing primarily in companies involved in natural resources. Its portfolio generally focuses on energy, metals, mining, and other basic-materials businesses.

The fund provides investors with diversified exposure to the natural-resources sector through publicly traded companies. Its investments may include producers, developers, and service providers across areas such as oil and natural gas, precious and industrial metals, and other resource-related industries.

Adams Natural Resources Fund is managed by Adams Investment Management, an affiliated investment manager of Adams Funds.