Raymond James Financial Inc. Purchases New Holdings in The Mexico Fund, Inc. (NYSE:MXF)

Raymond James Financial Inc. purchased a new stake in shares of The Mexico Fund, Inc. (NYSE:MXF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 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 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MXF. Blankinship & Foster LLC bought a new stake in The Mexico Fund in the third quarter worth $160,000. Calamos Advisors LLC bought a new stake in shares of The Mexico Fund during the 4th quarter worth about $174,000. Wolverine Asset Management LLC boosted its stake in shares of The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after acquiring an additional 71,133 shares in the last quarter. Matisse Capital increased its holdings in shares of The Mexico Fund by 7.7% during the 4th quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock valued at $2,574,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of The Mexico Fund in the 3rd quarter valued at approximately $4,799,000.

Insider Buying and Selling

In other The Mexico Fund news, Director La Calle Luis De acquired 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $85,920.00. Following the transaction, the director now owns 7,344 shares of the company's stock, valued at approximately $105,166.08. This trade represents a 446.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alberto Osorio bought 15,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the acquisition, the chief executive officer now directly owns 115,195 shares in the company, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.69% of the company's stock.

The Mexico Fund Stock Up 0.4 %

MXF traded up $0.06 on Friday, hitting $13.91. The company had a trading volume of 30,643 shares, compared to its average volume of 61,776. The Mexico Fund, Inc. has a 1-year low of $12.99 and a 1-year high of $18.93. The company's fifty day moving average price is $14.27 and its 200 day moving average price is $14.06.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be paid a $0.22 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.33%.

The Mexico Fund Company 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.