Wolverine Asset Management LLC Grows Stake in The Mexico Fund, Inc. (NYSE:MXF)

Wolverine Asset Management LLC raised its holdings in shares of The Mexico Fund, Inc. (NYSE:MXF - Free Report) by 95.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,595 shares of the investment management company's stock after buying an additional 71,133 shares during the period. Wolverine Asset Management LLC owned about 0.99% of The Mexico Fund worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MXF. Blankinship & Foster LLC purchased a new position in The Mexico Fund during the 3rd quarter valued at $160,000. Calamos Advisors LLC bought a new position in shares of The Mexico Fund during the 4th quarter worth $174,000. PFG Investments LLC purchased a new position in shares of The Mexico Fund during the third quarter valued at $174,000. Landscape Capital Management L.L.C. raised its holdings in shares of The Mexico Fund by 62.4% in the third quarter. Landscape Capital Management L.L.C. now owns 75,681 shares of the investment management company's stock valued at $1,142,000 after acquiring an additional 29,079 shares in the last quarter. Finally, Matisse Capital lifted its stake 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 worth $2,574,000 after acquiring an additional 14,000 shares during the period.

Insiders Place Their Bets

In related news, CEO Alberto Osorio bought 15,000 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the purchase, the chief executive officer now directly owns 115,195 shares of the company's stock, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.69% of the stock is owned by company insiders.

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The Mexico Fund Trading Down 0.6 %

NYSE MXF traded down $0.09 during trading on Tuesday, reaching $14.35. 78,368 shares of the company's stock traded hands, compared to its average volume of 82,329. The Mexico Fund, Inc. has a 12-month low of $12.99 and a 12-month high of $19.69. The company's 50 day simple moving average is $13.79 and its two-hundred day simple moving average is $14.28.

The Mexico Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.