1607 Capital Partners LLC Purchases 45,845 Shares of The Mexico Fund, Inc. (NYSE:MXF)

1607 Capital Partners LLC raised its position in The Mexico Fund, Inc. (NYSE:MXF - Free Report) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,686 shares of the investment management company's stock after purchasing an additional 45,845 shares during the quarter. 1607 Capital Partners LLC owned approximately 1.69% of The Mexico Fund worth $3,256,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blankinship & Foster LLC bought a new stake in The Mexico Fund in the third quarter worth approximately $160,000. Calamos Advisors LLC bought a new position in The Mexico Fund in the 4th quarter worth approximately $174,000. Rahlfs Capital LLC acquired a new stake in The Mexico Fund in the fourth quarter worth about $276,000. Raymond James Financial Inc. acquired a new position in The Mexico Fund in the fourth quarter valued at approximately $651,000. Finally, Wolverine Asset Management LLC increased its stake in shares of The Mexico Fund by 95.5% in the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock valued at $1,922,000 after acquiring an additional 71,133 shares during the last quarter.

The Mexico Fund Price Performance

Shares of NYSE MXF traded down $0.19 during mid-day trading on Monday, hitting $14.82. The company had a trading volume of 133,139 shares, compared to its average volume of 63,582. The firm has a 50-day simple moving average of $14.33 and a two-hundred day simple moving average of $14.03. The Mexico Fund, Inc. has a one year low of $12.99 and a one year high of $18.93.

The Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be issued a $0.22 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.88 annualized dividend and a yield of 5.94%.

Insider Buying and Selling

In other news, Director La Calle Luis De acquired 6,000 shares of The Mexico Fund stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $14.32 per share, for a total transaction of $85,920.00. Following the transaction, the director now directly owns 7,344 shares of the company's stock, valued at approximately $105,166.08. The trade was a 446.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alberto Osorio bought 15,000 shares of The Mexico Fund stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 115,195 shares in the company, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.69% of the stock is currently owned by insiders.

The Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.