Vanguard Capital Wealth Advisors Takes Position in The Mexico Fund, Inc. (NYSE:MXF)

Vanguard Capital Wealth Advisors bought a new stake in shares of The Mexico Fund, Inc. (NYSE:MXF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,664 shares of the investment management company’s stock, valued at approximately $680,000.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of The Mexico Fund by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,987,797 shares of the investment management company’s stock worth $32,739,000 after purchasing an additional 81,235 shares during the period. Quantedge Capital Pte Ltd purchased a new stake in The Mexico Fund in the 3rd quarter worth approximately $544,000. Almitas Capital LLC increased its position in shares of The Mexico Fund by 10.9% in the third quarter. Almitas Capital LLC now owns 155,646 shares of the investment management company’s stock valued at $2,563,000 after buying an additional 15,317 shares in the last quarter. Raymond James & Associates grew its position in shares of The Mexico Fund by 47.7% in the third quarter. Raymond James & Associates now owns 36,627 shares of the investment management company’s stock valued at $603,000 after purchasing an additional 11,821 shares during the period. Finally, Oak Grove Capital LLC acquired a new stake in The Mexico Fund in the 3rd quarter worth about $188,000.

The Mexico Fund Stock Performance

Shares of NYSE MXF traded down $0.29 during midday trading on Tuesday, hitting $17.99. The stock had a trading volume of 73,653 shares, compared to its average volume of 29,237. The stock has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $17.96. The Mexico Fund, Inc. has a 1 year low of $14.77 and a 1 year high of $19.69.

The Mexico Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Wednesday, April 17th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, April 16th. This represents a $0.88 annualized dividend and a yield of 4.89%.

Insiders Place Their Bets

In other news, Director Richard B. Vaughan bought 4,000 shares of The Mexico Fund stock in a transaction on Monday, April 22nd. The shares were bought at an average cost of $17.69 per share, with a total value of $70,760.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $88,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.69% of the company’s stock.

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.