Calamos Advisors LLC Takes $838,000 Position in Adams Natural Resources Fund, Inc. $PEO

Calamos Advisors LLC purchased a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) during the first quarter, HoldingsChannel reports. The firm purchased 30,153 shares of the financial services provider’s stock, valued at approximately $838,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its position in 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 valued at $64,000 after purchasing an additional 2,212 shares during the period. Kestra Advisory Services LLC increased its position in Adams Natural Resources Fund by 10.0% during the 1st quarter. Kestra Advisory Services LLC now owns 34,799 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 3,160 shares during the period. Burney Co. increased its position in Adams Natural Resources Fund by 41.6% during the 1st quarter. Burney Co. now owns 47,802 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 14,037 shares during the period. Meridian Investment Counsel Inc. purchased a new position in shares of Adams Natural Resources Fund during the 1st quarter worth approximately $216,000. Finally, Private Advisor Group LLC purchased a new position in shares of Adams Natural Resources Fund during the 1st quarter worth approximately $217,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Price Performance

PEO opened at $26.09 on Friday. Adams Natural Resources Fund, Inc. has a 12 month low of $20.57 and a 12 month high of $28.88. The business has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $25.48.

Adams Natural Resources Fund Profile

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.