Adams Natural Resources Fund, I (NYSE:PEO) Sees Significantly Lower Trading Volume


Trading was light with 42K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 46.66% under the normal average daily volume.

These funds have also shifted positions in (PEO). Hl Financial Services LLC augmented its holdings by buying 386 shares an increase of 0.8% in the quarter. Hl Financial Services LLC controls 48,334 shares worth $904,000. The value of the position overall is down by 2.9%. Ifp Advisors, Inc grew its position by buying 3 shares an increase of 0.1%. Ifp Advisors, Inc claims 3,889 shares valued at $73,000. The total value of its holdings decreased 2.7%.

Boothbay Fund Management, LLC reduced its investment by shedding 3,072 shares a decrease of 22.5% from 09/30/2015 to 12/31/2015. Boothbay Fund Management, LLC now holds 10,602 shares with a value of $188,000. The total value of its holdings decreased 24.2%. As of quarter end Cardan Capital Partners, LLC had bought 463 shares growing its stake by 4.2%. The value of the investment in (PEO) went from $212,000 to $213,000 a change of 0.5% quarter to quarter.

The company is up by 0.05% since yesterday’s close of $18.84. The stock is trading at $18.85 slightly over $18.78, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $19.31. The 50 day moving average was up by +0.40% and the 200 day average went down by -2.39%.

Adams Natural Resources Fund, Inc., formerly Petroleum & Resources Corporation, launched on Feb 4, 1977, is an equity investment fund for investors in energy and natural resources sector in a conservatively-managed fund. The Fund is an internally-managed closed-end fund specializing in petroleum and other natural resource investments. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Company has annual distribution rate of at least 6%. The Company invests in a variety of basic materials, including coal, precious and industrial metals, aggregates, and chemicals, as these have investment characteristics..