Allspring Global Investments Holdings LLC cut its position in Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,300,135 shares of the investment management company's stock after selling 51,683 shares during the quarter. Allspring Global Investments Holdings LLC owned 8.88% of Mexico Fund worth $18,501,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MXF. Almitas Capital LLC increased its stake in Mexico Fund by 124.9% in the fourth quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company's stock valued at $4,196,000 after acquiring an additional 176,498 shares during the last quarter. RPO LLC acquired a new stake in shares of Mexico Fund in the 4th quarter valued at $1,986,000. Boothbay Fund Management LLC bought a new position in shares of Mexico Fund in the 4th quarter valued at $1,490,000. Raymond James Financial Inc. acquired a new position in shares of Mexico Fund during the 4th quarter worth $651,000. Finally, 1607 Capital Partners LLC lifted its position in shares of Mexico Fund by 22.8% during the 4th quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company's stock worth $3,256,000 after buying an additional 45,845 shares during the last quarter.
Mexico Fund Stock Up 0.7%
Shares of MXF stock traded up $0.13 on Friday, reaching $17.87. The company had a trading volume of 24,343 shares, compared to its average volume of 68,749. The business's 50-day moving average is $16.67 and its 200 day moving average is $14.98. Mexico Fund, Inc. has a one year low of $12.99 and a one year high of $17.94.
Mexico Fund Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Tuesday, July 22nd. This is a boost from Mexico Fund's previous quarterly dividend of $0.22.
Mexico Fund Profile
(
Free Report)
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.
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