Raymond James & Associates Grows Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Raymond James & Associates lifted its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,439 shares of the financial services provider’s stock after purchasing an additional 7,727 shares during the quarter. Raymond James & Associates owned about 0.85% of Adams Natural Resources Fund worth $5,026,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,283 shares in the last quarter. Searle & CO. purchased a new position in Adams Natural Resources Fund in the second quarter worth $201,000. Vantage Financial Partners LLC purchased a new position in Adams Natural Resources Fund in the first quarter worth $201,000. Simplicity Wealth LLC purchased a new position in Adams Natural Resources Fund in the second quarter worth $203,000. Finally, Miracle Mile Advisors LLC purchased a new position in Adams Natural Resources Fund in the second quarter worth $338,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

Shares of PEO stock opened at $23.53 on Friday. Adams Natural Resources Fund, Inc. has a fifty-two week low of $19.78 and a fifty-two week high of $24.51. The business has a fifty day simple moving average of $23.33 and a 200-day simple moving average of $23.32.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 11,058 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $22.70 per share, for a total transaction of $251,016.60. Following the completion of the transaction, the insider now directly owns 2,837,006 shares in the company, valued at $64,400,036.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 53,103 shares of company stock worth $1,204,624 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Adams Natural Resources Fund Profile

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.