SFI Advisors LLC Raises Stake 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 boosted its position in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 342.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,807 shares of the investment management company's stock after buying an additional 102,015 shares during the quarter. Mexico Fund makes up about 1.4% of SFI Advisors LLC's holdings, making the stock its 26th biggest holding. SFI Advisors LLC owned about 0.90% of Mexico Fund worth $1,876,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Almitas Capital LLC raised its holdings in Mexico Fund by 124.9% in the 4th quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company's stock worth $4,196,000 after purchasing an additional 176,498 shares in the last quarter. Wolverine Asset Management LLC grew its position in Mexico Fund by 62.1% during the 1st 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 during the last quarter. Matisse Capital grew its position in 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 purchasing an additional 10,000 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Mexico Fund during the 4th quarter valued at about $1,490,000. Finally, Quantedge Capital Pte Ltd boosted its holdings 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 acquiring an additional 20,400 shares during the last quarter.

Mexico Fund Stock Performance

Shares of NYSE MXF traded up $0.1760 during trading on Friday, reaching $18.3960. 9,683 shares of the company traded hands, compared to its average volume of 16,868. The firm has a 50 day simple moving average of $17.54 and a 200-day simple moving average of $15.97. Mexico Fund, Inc. has a 52-week low of $12.99 and a 52-week high of $18.49.

Mexico Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Tuesday, July 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This is a positive change from Mexico Fund's previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.4%.

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.