Lazard Asset Management LLC Sells 21,236 Shares of The Mexico Fund, Inc. (NYSE:MXF)

Lazard Asset Management LLC decreased its position in The Mexico Fund, Inc. (NYSE:MXF - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,132,225 shares of the investment management company's stock after selling 21,236 shares during the quarter. Lazard Asset Management LLC owned approximately 7.73% of The Mexico Fund worth $14,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MXF. Matisse Capital raised its holdings in The Mexico Fund by 7.7% in the 4th quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock worth $2,574,000 after acquiring an additional 14,000 shares during the period. Calamos Advisors LLC acquired a new stake in shares of The Mexico Fund in the fourth quarter valued at about $174,000. Wolverine Asset Management LLC increased its stake in shares of The Mexico Fund by 95.5% in the fourth quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after purchasing an additional 71,133 shares during the period. Raymond James Financial Inc. acquired a new position in shares of The Mexico Fund during the 4th quarter worth about $651,000. Finally, RPO LLC bought a new stake in The Mexico Fund during the 4th quarter valued at approximately $1,986,000.

The Mexico Fund Stock Performance

MXF traded up $0.17 during midday trading on Monday, reaching $16.43. The company's stock had a trading volume of 25,333 shares, compared to its average volume of 67,208. The company has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $14.18. The Mexico Fund, Inc. has a twelve month low of $12.99 and a twelve month high of $18.87.

The Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.88 annualized dividend and a dividend yield of 5.36%.

Insider Buying and Selling

In other news, Director La Calle Luis De purchased 6,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the completion of the purchase, the director now directly owns 7,344 shares of the company's stock, valued at approximately $105,166.08. The trade was a 446.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.69% of the stock is currently owned by insiders.

The Mexico Fund Company Profile

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.