The Mexico Fund, Inc. (NYSE:MXF) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of The Mexico Fund, Inc. (NYSE:MXF) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,031 shares of the investment management company’s stock after selling 6,596 shares during the quarter. Raymond James & Associates’ holdings in The Mexico Fund were worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MXF. Allspring Global Investments Holdings LLC raised its stake in The Mexico Fund by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,987,797 shares of the investment management company’s stock worth $32,739,000 after acquiring an additional 81,235 shares during the period. RPO LLC grew its position in The Mexico Fund by 7.6% in the 3rd quarter. RPO LLC now owns 113,324 shares of the investment management company’s stock worth $1,866,000 after purchasing an additional 7,979 shares during the last quarter. HighTower Advisors LLC grew its position in The Mexico Fund by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 23,371 shares of the investment management company’s stock worth $388,000 after purchasing an additional 1,348 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in The Mexico Fund in the 3rd quarter worth about $544,000. Finally, 1607 Capital Partners LLC grew its position in The Mexico Fund by 3.0% in the 3rd quarter. 1607 Capital Partners LLC now owns 194,746 shares of the investment management company’s stock worth $3,207,000 after purchasing an additional 5,745 shares during the last quarter.

The Mexico Fund Stock Performance

NYSE MXF opened at $17.87 on Friday. The Mexico Fund, Inc. has a 52 week low of $14.77 and a 52 week high of $19.69. The company has a 50-day moving average price of $18.54 and a two-hundred day moving average price of $17.89.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Wednesday, April 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Tuesday, April 16th.

Insiders Place Their Bets

In other news, Director Richard B. Vaughan bought 4,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was purchased at an average price of $17.69 per share, for a total transaction of $70,760.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $88,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.69% of the stock is owned by insiders.

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.