HighTower Advisors LLC Sells 2,561 Shares of The Mexico Fund, Inc. (NYSE:MXF)

HighTower Advisors LLC cut its position in The Mexico Fund, Inc. (NYSE:MXF) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,967 shares of the investment management company’s stock after selling 2,561 shares during the period. HighTower Advisors LLC owned approximately 0.07% of The Mexico Fund worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MXF. Public Employees Retirement System of Ohio purchased a new position in The Mexico Fund in the 3rd quarter worth approximately $4,799,000. Wolverine Asset Management LLC increased its holdings in shares of The Mexico Fund by 95.5% in the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock worth $1,922,000 after purchasing an additional 71,133 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of The Mexico Fund in the fourth quarter worth $651,000. Matisse Capital lifted its holdings in shares of The Mexico Fund by 7.7% during the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock valued at $2,574,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of The Mexico Fund during the fourth quarter valued at $174,000.

The Mexico Fund Price Performance

Shares of NYSE:MXF opened at $13.82 on Friday. The business has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $14.14. The Mexico Fund, Inc. has a fifty-two week low of $12.99 and a fifty-two week high of $19.69.

The Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.37%.

Insider Buying and Selling

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 stock was purchased at an average price of $13.53 per share, with a total value of $202,950.00. Following the transaction, the chief executive officer now directly owns 115,195 shares of the company’s stock, valued at $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director La Calle Luis De acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the acquisition, the director now owns 7,344 shares of the company’s stock, valued at $105,166.08. The trade was a 446.43 % increase in their position. The disclosure for this purchase can be found here. 2.69% of the stock is currently owned by corporate insiders.

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.