Nations Financial Group Inc. IA ADV Reduces Stock Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Nations Financial Group Inc. IA ADV decreased its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,890 shares of the financial services provider’s stock after selling 500 shares during the quarter. Nations Financial Group Inc. IA ADV owned about 0.23% of Adams Natural Resources Fund worth $1,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Zazove Associates LLC purchased a new position in Adams Natural Resources Fund during the 4th quarter valued at $37,000. Venturi Wealth Management LLC boosted its holdings in Adams Natural Resources Fund by 199.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,665 shares during the period. Alta Capital Management LLC purchased a new position in Adams Natural Resources Fund during the 4th quarter valued at $413,000. Principal Securities Inc. purchased a new position in Adams Natural Resources Fund during the 4th quarter valued at $478,000. Finally, Kovack Advisors Inc. lifted its holdings in shares of Adams Natural Resources Fund by 5.2% in the 4th quarter. Kovack Advisors Inc. now owns 24,082 shares of the financial services provider’s stock worth $497,000 after buying an additional 1,191 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

Shares of Adams Natural Resources Fund stock traded up $0.16 during trading on Friday, hitting $23.13. 48,767 shares of the stock traded hands, compared to its average volume of 31,979. Adams Natural Resources Fund, Inc. has a 52-week low of $19.29 and a 52-week high of $24.25. The stock’s fifty day simple moving average is $23.33 and its 200 day simple moving average is $21.72.

Adams Natural Resources Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%.

About Adams Natural Resources Fund

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.