Lazard Asset Management LLC Sells 21,236 Shares of The Mexico Fund, Inc. (NYSE:MXF)

Lazard Asset Management LLC lowered its stake in shares of The Mexico Fund, Inc. (NYSE:MXF) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,132,225 shares of the investment management company’s stock after selling 21,236 shares during the quarter. Lazard Asset Management LLC owned 0.08% of The Mexico Fund worth $14,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Almitas Capital LLC grew its stake in shares of The Mexico Fund by 124.9% during the 4th quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company’s stock worth $4,196,000 after purchasing an additional 176,498 shares during the period. 1607 Capital Partners LLC lifted its holdings 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 valued at $3,256,000 after acquiring an additional 45,845 shares during the last quarter. Matisse Capital lifted its position in 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 last quarter. RPO LLC acquired a new position in The Mexico Fund during the fourth quarter worth $1,986,000. Finally, Wolverine Asset Management LLC raised its stake in shares of The Mexico Fund by 95.5% in the fourth quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock valued at $1,922,000 after acquiring an additional 71,133 shares in the last quarter.

Insider Transactions at The Mexico Fund

In related news, Director La Calle Luis De purchased 6,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $14.32 per share, with a total value of $85,920.00. Following the purchase, the director now directly owns 7,344 shares in the company, valued at $105,166.08. This trade represents a 446.43% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.69% of the company’s stock.

The Mexico Fund Stock Up 2.3%

Shares of NYSE:MXF opened at $16.19 on Wednesday. The firm’s 50 day moving average price is $14.75 and its 200 day moving average price is $14.13. The Mexico Fund, Inc. has a fifty-two week low of $12.99 and a fifty-two week high of $18.93.

The Mexico Fund Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, April 22nd. This represents a $0.88 annualized dividend and a yield of 5.44%.

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.