Mexico Fund, Inc. (The) $MXF Holdings Trimmed by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners LLC reduced its stake in Mexico Fund, Inc. to $2.55 million, selling 67,400 shares and holding 179,286 shares as of the latest SEC filing.
• The Mexico Fund increased its quarterly dividend to $0.25, reflecting a positive change and a 5.4% dividend yield.
• Recent stock performance shows the Mexico Fund trading between a 1-year low of $12.99 and a high of $18.49, with shares opening at $18.38.

1607 Capital Partners LLC decreased its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 179,286 shares of the investment management company's stock after selling 67,400 shares during the period. 1607 Capital Partners LLC owned 1.22% of Mexico Fund worth $2,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC increased its holdings in shares of Mexico Fund by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 236,078 shares of the investment management company's stock worth $3,359,000 after purchasing an additional 90,483 shares during the period. SFI Advisors LLC boosted its holdings in Mexico Fund by 342.4% in the first quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company's stock valued at $1,876,000 after acquiring an additional 102,015 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in Mexico Fund by 34.9% during the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company's stock valued at $1,050,000 after purchasing an additional 19,109 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mexico Fund during the 4th quarter valued at approximately $651,000. Finally, Quantedge Capital Pte Ltd grew its position in shares of Mexico Fund by 28.4% during the 4th quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock valued at $1,218,000 after purchasing an additional 20,400 shares in the last quarter.

Mexico Fund Trading Up 0.4%

Shares of NYSE:MXF traded up $0.07 during trading on Monday, reaching $18.42. 2,282 shares of the stock traded hands, compared to its average volume of 60,792. Mexico Fund, Inc. has a 52-week low of $12.99 and a 52-week high of $18.50. The stock has a 50-day moving average of $17.79 and a two-hundred day moving average of $16.26.

Mexico Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.4%. This is a positive change from Mexico Fund's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, July 22nd.

Mexico Fund 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.