Mexico Fund, Inc. (The) $MXF Shares Sold 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 lowered its holdings in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,286 shares of the investment management company's stock after selling 67,400 shares during the quarter. 1607 Capital Partners LLC owned approximately 1.22% of Mexico Fund worth $2,551,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. purchased a new position in Mexico Fund during the first quarter worth approximately $46,000. Logan Stone Capital LLC raised its holdings in shares of Mexico Fund by 11.8% during the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock valued at $1,073,000 after acquiring an additional 8,606 shares during the last quarter. Matisse Capital raised its holdings in shares of Mexico Fund by 5.1% during the first quarter. Matisse Capital now owns 205,000 shares of the investment management company's stock valued at $2,917,000 after acquiring an additional 10,000 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of Mexico Fund by 34.9% during the first 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 acquiring an additional 19,109 shares during the last quarter. Finally, Quantedge Capital Pte Ltd raised its holdings in shares of Mexico Fund by 28.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock valued at $1,218,000 after acquiring an additional 20,400 shares during the last quarter.

Mexico Fund Price Performance

Shares of Mexico Fund stock traded up $0.23 during mid-day trading on Friday, reaching $18.37. 8,508 shares of the stock traded hands, compared to its average volume of 12,133. The business has a 50-day moving average of $17.79 and a 200 day moving average of $16.25. Mexico Fund, Inc. has a fifty-two week low of $12.99 and a fifty-two week high of $18.50.

Mexico Fund Increases Dividend

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

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.