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Saba Capital Management, a ten percent owner in Adams Natural Resources Fund, Inc. (NYSE:PEO), reported selling 2401 shares of common stock on June 20, 2025. The shares were sold at a price of $22.06, totaling $52966. The sale comes as InvestingPro data shows PEO trading near its 52-week high of $24.79, with technical indicators suggesting overbought conditions.
Following the transaction, Saba Capital Management still owns 2886592 shares of Adams Natural Resources Fund, Inc., maintaining significant exposure to this $568.8M market cap fund that boasts a remarkable 9.39% dividend yield and a 54-year streak of consecutive dividend payments. Boaz Weinstein is also listed as a ten percent owner. InvestingPro subscribers can access additional insights and metrics through the comprehensive Pro Research Report, available for over 1,400 US stocks.
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