SFI Advisors LLC Grows Position in Mexico Fund, Inc. (The) $MXF

Key Points

• SFI Advisors LLC significantly increased its stake in Mexico Fund, Inc. by 342.4%, acquiring an additional 102,015 shares to own a total of 131,807 shares.
• The Mexico Fund declared a quarterly dividend of $0.25 per share, marking a positive increase from its previous dividend of $0.22, resulting in a dividend yield of 5.5%.
• As of the latest trading data, Mexico Fund's stock price opened at $18.18, with a fifty-two week range between $12.99 and $18.33.

SFI Advisors LLC raised its holdings in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 342.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,807 shares of the investment management company's stock after acquiring an additional 102,015 shares during the quarter. Mexico Fund makes up 1.4% of SFI Advisors LLC's portfolio, making the stock its 26th largest holding. SFI Advisors LLC owned 0.90% of Mexico Fund worth $1,876,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC lifted its position in Mexico Fund by 62.1% during 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. Greykasell Wealth Strategies Inc. bought a new position in shares of Mexico Fund in the first quarter worth about $46,000. Matisse Capital lifted its position in shares of Mexico Fund by 5.1% during the 1st quarter. Matisse Capital now owns 205,000 shares of the investment management company's stock valued at $2,917,000 after buying an additional 10,000 shares in the last quarter. Quantedge Capital Pte Ltd lifted its position 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 buying an additional 20,400 shares in the last quarter. Finally, Logan Stone Capital LLC grew its stake 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 during the period.

Mexico Fund Trading Up 0.6%

Mexico Fund stock traded up $0.10 during midday trading on Wednesday, hitting $18.13. The stock had a trading volume of 10,804 shares, compared to its average volume of 17,991. Mexico Fund, Inc. has a 52-week low of $12.99 and a 52-week high of $18.33. The firm's fifty day moving average is $17.50 and its two-hundred day moving average is $15.91.

Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, July 22nd. This is a boost 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.