49,311 Shares in The Mexico Fund, Inc. (NYSE:MXF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in The Mexico Fund, Inc. (NYSE:MXF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 49,311 shares of the investment management company's stock, valued at approximately $651,000. Raymond James Financial Inc. owned about 0.34% of The Mexico Fund as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Calamos Advisors LLC bought a new stake in The Mexico Fund in the fourth quarter valued at approximately $174,000. Matisse Capital boosted its holdings 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 buying an additional 14,000 shares during the period. Rahlfs Capital LLC bought a new stake in The Mexico Fund in the 4th quarter valued at $276,000. Wolverine Asset Management LLC boosted its stake in The Mexico Fund by 95.5% in the 4th 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. Finally, RPO LLC bought a new position in The Mexico Fund during the 4th quarter worth about $1,986,000.

Insider Buying and Selling

In other news, Director La Calle Luis De bought 6,000 shares of the stock in a transaction that occurred 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 acquisition, the director now owns 7,344 shares in the company, valued at approximately $105,166.08. This represents a 446.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.69% of the stock is currently owned by corporate insiders.

The Mexico Fund Stock Performance

Shares of The Mexico Fund stock traded up $0.17 during trading on Tuesday, reaching $15.99. The stock had a trading volume of 69,484 shares, compared to its average volume of 80,936. The Mexico Fund, Inc. has a 52 week low of $12.99 and a 52 week high of $18.93. The stock has a fifty day moving average price of $14.72 and a two-hundred day moving average price of $14.12.

The Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.50%.

The Mexico Fund 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.