Wolverine Asset Management LLC increased its holdings in Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 62.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,078 shares of the investment management company's stock after acquiring an additional 90,483 shares during the period. Wolverine Asset Management LLC owned about 1.61% of Mexico Fund worth $3,359,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MXF. Raymond James Financial Inc. bought a new position in Mexico Fund during the fourth quarter valued at $651,000. Quantedge Capital Pte Ltd grew its holdings in Mexico Fund by 28.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock valued at $1,218,000 after purchasing an additional 20,400 shares during the period. Boothbay Fund Management LLC bought a new position in Mexico Fund during the fourth quarter valued at $1,490,000. 1607 Capital Partners LLC grew its holdings in Mexico Fund by 22.8% during the fourth quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company's stock valued at $3,256,000 after purchasing an additional 45,845 shares during the period. Finally, Matisse Capital grew its holdings in Mexico Fund by 5.1% during the first 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 period.
Mexico Fund Price Performance
NYSE MXF traded up $0.18 on Friday, hitting $18.12. 12,907 shares of the stock traded hands, compared to its average volume of 33,479. The business's fifty day moving average is $17.33 and its two-hundred day moving average is $15.69. Mexico Fund, Inc. has a 12 month low of $12.99 and a 12 month high of $18.14.
Mexico Fund Increases Dividend
The business 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. This is an increase from Mexico Fund's previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, July 22nd.
Mexico Fund Company 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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