City of London Investment Management Co. Ltd. lowered its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,302,908 shares of the investment management company's stock after selling 115,582 shares during the quarter. Mexico Fund comprises approximately 5.0% of City of London Investment Management Co. Ltd.'s investment portfolio, making the stock its 6th largest holding. City of London Investment Management Co. Ltd. owned about 22.56% of Mexico Fund worth $47,000,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of MXF. Greykasell Wealth Strategies Inc. purchased a new stake in Mexico Fund in the first quarter valued at $46,000. Raymond James Financial Inc. purchased a new position in Mexico Fund during the fourth quarter valued at approximately $651,000. Logan Stone Capital LLC lifted its holdings in Mexico Fund by 11.8% in 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 period. Quantedge Capital Pte Ltd boosted its position in Mexico Fund by 28.4% in the 4th 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. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Mexico Fund during the 4th quarter worth approximately $1,490,000.
Mexico Fund Price Performance
Shares of NYSE:MXF traded up $0.30 during trading on Wednesday, hitting $17.94. 7,499 shares of the stock traded hands, compared to its average volume of 36,888. The company has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $15.60. Mexico Fund, Inc. has a 52-week low of $12.99 and a 52-week high of $18.04.
Mexico Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Tuesday, July 22nd were paid a $0.25 dividend. 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 5.6%. This is an increase from Mexico Fund's previous quarterly dividend of $0.22.
About Mexico Fund
(
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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