Landscape Capital Management L.L.C. Buys 19,109 Shares of Mexico Fund, Inc. (The) $MXF

Key Points

• Landscape Capital Management L.L.C. increased its stake in Mexico Fund, Inc. by 34.9% during the first quarter, acquiring an additional 19,109 shares, bringing its total holdings to 73,799 shares valued at $1,050,000.
• Mexico Fund recently declared a quarterly dividend of $0.25 per share, marking an increase from the previous $0.22 dividend, resulting in an annual yield of 5.5%.
• Other notable investors, such as SFI Advisors LLC, also significantly increased their positions, with SFI Advisors boosting their stake by 342.4% in the first quarter.

Landscape Capital Management L.L.C. increased its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 34.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,799 shares of the investment management company's stock after buying an additional 19,109 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.50% of Mexico Fund worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. bought a new position in shares of Mexico Fund in the first quarter worth $46,000. Raymond James Financial Inc. acquired a new stake in shares of Mexico Fund during the 4th quarter valued at $651,000. Logan Stone Capital LLC boosted its holdings in shares of Mexico Fund by 11.8% during the 4th 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 in the last quarter. Quantedge Capital Pte Ltd boosted its holdings 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 acquiring an additional 20,400 shares in the last quarter. Finally, SFI Advisors LLC boosted its holdings in shares of Mexico Fund by 342.4% during the 1st 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 in the last quarter.

Mexico Fund Trading Up 1.0%

Shares of NYSE MXF traded up $0.19 during mid-day trading on Tuesday, hitting $18.38. 13,071 shares of the stock traded hands, compared to its average volume of 62,059. Mexico Fund, Inc. has a twelve month low of $12.99 and a twelve month high of $18.49. The firm has a 50 day simple moving average of $17.71 and a two-hundred day simple moving average of $16.16.

Mexico Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Tuesday, July 22nd were issued a dividend of $0.25 per share. 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. This represents a $1.00 annualized dividend and a dividend yield of 5.4%.

About Mexico Fund

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.