Capital Investment Advisors LLC decreased its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT – Get Rating) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,627 shares of the oil and gas producer’s stock after selling 1,100 shares during the period. Capital Investment Advisors LLC’s holdings in Permian Basin Royalty Trust were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. acquired a new position in Permian Basin Royalty Trust during the 1st quarter worth approximately $31,000. Walleye Capital LLC purchased a new stake in shares of Permian Basin Royalty Trust during the 1st quarter worth approximately $132,000. Legend Financial Advisors Inc. purchased a new stake in shares of Permian Basin Royalty Trust during the 4th quarter worth approximately $112,000. PEAK6 Investments LLC purchased a new stake in shares of Permian Basin Royalty Trust during the 1st quarter worth approximately $143,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Permian Basin Royalty Trust during the 1st quarter worth approximately $148,000.
Permian Basin Royalty Trust Price Performance
Shares of NYSE:PBT opened at $16.53 on Friday. The business’s 50 day simple moving average is $17.83 and its 200-day simple moving average is $15.96. Permian Basin Royalty Trust has a 12 month low of $5.15 and a 12 month high of $23.08.
Permian Basin Royalty Trust Increases Dividend
About Permian Basin Royalty Trust
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas.
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