Quantedge Capital Pte Ltd Grows Position in The Mexico Fund, Inc. (NYSE:MXF)

Quantedge Capital Pte Ltd grew its position in shares of The Mexico Fund, Inc. (NYSE:MXF - Free Report) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,284 shares of the investment management company's stock after purchasing an additional 20,400 shares during the period. Quantedge Capital Pte Ltd owned approximately 0.63% of The Mexico Fund worth $1,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Logan Stone Capital LLC grew its stake in The Mexico Fund by 11.8% in the 4th quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock worth $1,073,000 after buying an additional 8,606 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of The Mexico Fund in the fourth quarter worth approximately $174,000. Matisse Capital increased its position in shares of The Mexico Fund by 7.7% in the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock valued at $2,574,000 after acquiring an additional 14,000 shares during the period. Rahlfs Capital LLC purchased a new stake in The Mexico Fund in the 4th quarter worth approximately $276,000. Finally, 1607 Capital Partners LLC lifted its stake in The Mexico Fund by 22.8% in the fourth quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company's stock worth $3,256,000 after acquiring an additional 45,845 shares during the period.

The Mexico Fund Price Performance

MXF stock traded up $0.06 during trading on Tuesday, reaching $16.58. The company had a trading volume of 15,352 shares, compared to its average volume of 78,958. The business has a 50 day moving average of $14.92 and a 200 day moving average of $14.20. The Mexico Fund, Inc. has a 52 week low of $12.99 and a 52 week high of $18.83.

The Mexico Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.31%. The ex-dividend date was Tuesday, April 22nd.

Insiders Place Their Bets

In other The Mexico Fund news, Director La Calle Luis De purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the completion of the transaction, the director now owns 7,344 shares of the company's stock, valued at approximately $105,166.08. The trade was a 446.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.69% of the company's stock.

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.