Mexico Fund, Inc. (The) $MXF Shares Acquired by Almitas Capital LLC

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 raised its stake in Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 344,264 shares of the investment management company's stock after buying an additional 26,418 shares during the period. Mexico Fund makes up about 1.6% of Almitas Capital LLC's investment portfolio, making the stock its 10th largest holding. Almitas Capital LLC owned approximately 2.35% of Mexico Fund worth $4,899,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC increased its holdings in shares of 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 buying an additional 90,483 shares in the last quarter. SFI Advisors LLC grew 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. Landscape Capital Management L.L.C. grew its holdings in shares of 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 acquiring an additional 19,109 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mexico Fund during the 4th quarter valued at $651,000. Finally, 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 worth $1,218,000 after purchasing an additional 20,400 shares in the last quarter.

Mexico Fund Trading Up 1.3%

NYSE:MXF traded up $0.23 during trading hours on Friday, reaching $18.37. The company's stock had a trading volume of 8,508 shares, compared to its average volume of 12,133. Mexico Fund, Inc. has a one year low of $12.99 and a one year high of $18.50. The business's 50-day moving average is $17.79 and its 200-day moving average is $16.25.

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.4%. This is a positive change from Mexico Fund's previous quarterly dividend of $0.22.

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.