Raymond James & Associates Sells 6,596 Shares of The Mexico Fund, Inc. (NYSE:MXF)

Raymond James & Associates decreased its holdings in shares of The Mexico Fund, Inc. (NYSE:MXF) by 18.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,031 shares of the investment management company’s stock after selling 6,596 shares during the period. Raymond James & Associates’ holdings in The Mexico Fund were worth $573,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Almitas Capital LLC grew its position in shares of The Mexico Fund by 10.9% during the 3rd quarter. Almitas Capital LLC now owns 155,646 shares of the investment management company’s stock worth $2,563,000 after buying an additional 15,317 shares during the period. HighTower Advisors LLC increased its stake in The Mexico Fund by 6.1% in the third quarter. HighTower Advisors LLC now owns 23,371 shares of the investment management company’s stock valued at $388,000 after purchasing an additional 1,348 shares in the last quarter. Quantedge Capital Pte Ltd bought a new stake in The Mexico Fund in the third quarter valued at approximately $544,000. RPO LLC increased its stake in The Mexico Fund by 7.6% in the third quarter. RPO LLC now owns 113,324 shares of the investment management company’s stock valued at $1,866,000 after purchasing an additional 7,979 shares in the last quarter. Finally, Oak Grove Capital LLC bought a new stake in The Mexico Fund in the third quarter valued at approximately $188,000.

The Mexico Fund Stock Down 0.3 %

Shares of 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 paid 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.

Insider Buying and Selling at The Mexico Fund

In related news, Director Richard B. Vaughan acquired 4,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of $17.69 per share, with a total value of $70,760.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $88,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.69% of the company’s stock.

About The Mexico Fund

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.