Matisse Capital Buys 14,000 Shares of The Mexico Fund, Inc. (NYSE:MXF)

Matisse Capital grew its stake in shares of The Mexico Fund, Inc. (NYSE:MXF) by 7.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 195,000 shares of the investment management company’s stock after purchasing an additional 14,000 shares during the quarter. The Mexico Fund comprises 1.3% of Matisse Capital’s portfolio, making the stock its 21st biggest holding. Matisse Capital’s holdings in The Mexico Fund were worth $2,574,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in shares of The Mexico Fund during the third quarter valued at about $66,000. Blankinship & Foster LLC purchased a new stake in shares of The Mexico Fund during the 3rd quarter valued at about $160,000. PFG Investments LLC purchased a new stake in The Mexico Fund during the third quarter valued at $174,000. Landscape Capital Management L.L.C. raised its position in 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 worth $1,142,000 after acquiring an additional 29,079 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of The Mexico Fund during the 3rd quarter valued at about $4,799,000.

The Mexico Fund Price Performance

NYSE:MXF opened at $13.90 on Tuesday. The Mexico Fund, Inc. has a 52 week low of $12.99 and a 52 week high of $19.69. The business’s 50-day simple moving average is $13.59 and its two-hundred day simple moving average is $14.41.

The Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders 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 6.33%. The ex-dividend date was Wednesday, January 22nd.

Insider Activity at The Mexico Fund

In other The Mexico Fund news, CEO Alberto Osorio purchased 15,000 shares of The Mexico Fund stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the acquisition, the chief executive officer now owns 115,195 shares in the company, valued at $1,558,588.35. This represents a 14.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.69% of the stock is owned by insiders.

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.