Mexico Fund, Inc. (The) $MXF is Almitas Capital LLC's 10th Largest Position

Key Points

• Almitas Capital LLC increased its position in Mexico Fund, Inc. (NYSE:MXF) by 8.3% in Q1, making it the firm's 10th largest position with approximately 1.6% of its total holdings.
• Mexico Fund recently declared a quarterly dividend of $0.25, up from the previous $0.22, resulting in an annualized yield of 5.4%.
• Shares of Mexico Fund opened at $18.38, with a 52-week low of $12.99 and a high of $18.49.

Almitas Capital LLC grew its holdings in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,264 shares of the investment management company's stock after purchasing an additional 26,418 shares during the period. Mexico Fund comprises about 1.6% of Almitas Capital LLC's portfolio, making the stock its 10th biggest position. Almitas Capital LLC owned about 2.35% of Mexico Fund worth $4,899,000 at the end of the most recent quarter.

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

Mexico Fund Price Performance

NYSE MXF traded up $0.08 on Monday, reaching $18.43. The stock had a trading volume of 2,532 shares, compared to its average volume of 60,792. Mexico Fund, Inc. has a 12-month low of $12.99 and a 12-month high of $18.50. The business's 50-day moving average price is $17.79 and its 200 day moving average price is $16.26.

Mexico Fund Increases Dividend

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

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.