The Mexico Fund, Inc. (NYSE:MXF) Stock Holdings Trimmed by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lessened its stake in shares of The Mexico Fund, Inc. (NYSE:MXF) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,421,443 shares of the investment management company’s stock after selling 81,966 shares during the period. The Mexico Fund accounts for approximately 4.7% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 5th biggest position. City of London Investment Management Co. Ltd.’s holdings in The Mexico Fund were worth $54,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantedge Capital Pte Ltd raised its stake in The Mexico Fund by 20.9% during the fourth quarter. Quantedge Capital Pte Ltd now owns 39,901 shares of the investment management company’s stock worth $761,000 after purchasing an additional 6,900 shares during the period. Matisse Capital grew its position in The Mexico Fund by 19.4% in the first quarter. Matisse Capital now owns 107,424 shares of the investment management company’s stock worth $2,065,000 after acquiring an additional 17,424 shares during the period. Allspring Global Investments Holdings LLC grew its position in The Mexico Fund by 0.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,687,120 shares of the investment management company’s stock worth $26,994,000 after acquiring an additional 9,684 shares during the period. Finally, Wolverine Asset Management LLC raised its position in The Mexico Fund by 384.8% in the second quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock valued at $1,216,000 after purchasing an additional 60,344 shares during the period.

The Mexico Fund Stock Performance

Shares of MXF stock opened at $15.17 on Monday. The Mexico Fund, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $19.69. The company has a 50 day moving average price of $15.55 and a 200 day moving average price of $17.01.

The Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 22nd will be paid a $0.22 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $0.88 annualized dividend and a dividend yield of 5.80%.

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.