Boothbay Fund Management LLC bought a new position in shares of The Mexico Fund, Inc. (NYSE:MXF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 112,864 shares of the investment management company's stock, valued at approximately $1,490,000. Boothbay Fund Management LLC owned 0.77% of The Mexico Fund at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Blankinship & Foster LLC bought a new stake in The Mexico Fund during the 3rd quarter valued at approximately $160,000. Calamos Advisors LLC purchased a new position in The Mexico Fund during the fourth quarter valued at $174,000. Rahlfs Capital LLC purchased a new stake in The Mexico Fund in the 4th quarter worth $276,000. Raymond James Financial Inc. bought a new position in shares of The Mexico Fund during the 4th quarter valued at about $651,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of The Mexico Fund by 95.5% in the fourth quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after purchasing an additional 71,133 shares during the last quarter.
The Mexico Fund Stock Performance
NYSE MXF traded up $0.02 during trading on Friday, hitting $15.50. 43,299 shares of the stock traded hands, compared to its average volume of 65,336. The Mexico Fund, Inc. has a 12-month low of $12.99 and a 12-month high of $18.93. The firm has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $14.07.
The Mexico Fund Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.88 annualized dividend and a yield of 5.68%.
Insiders Place Their Bets
In other news, Director La Calle Luis De acquired 6,000 shares of the business's stock in a transaction 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 completion of 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 at the SEC website. Corporate insiders own 2.69% of the company's stock.
The Mexico Fund Profile
(
Free Report)
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.
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