Lazard Asset Management LLC Has $23.35 Million Holdings in The Mexico Fund, Inc. (NYSE:MXF)

Lazard Asset Management LLC cut its holdings in The Mexico Fund, Inc. (NYSE:MXF) by 4.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,215,071 shares of the investment management company’s stock after selling 62,720 shares during the period. Lazard Asset Management LLC’s holdings in The Mexico Fund were worth $23,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Capital Wealth Advisors acquired a new position in The Mexico Fund during the fourth quarter worth $680,000. Quantedge Capital Pte Ltd increased its holdings in The Mexico Fund by 20.9% during the fourth quarter. Quantedge Capital Pte Ltd now owns 39,901 shares of the investment management company’s stock worth $761,000 after buying an additional 6,900 shares during the last quarter. Matisse Capital increased its holdings in The Mexico Fund by 19.4% during the first quarter. Matisse Capital now owns 107,424 shares of the investment management company’s stock worth $2,065,000 after buying an additional 17,424 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its holdings in The Mexico Fund by 3.0% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 3,491,522 shares of the investment management company’s stock worth $66,618,000 after buying an additional 101,431 shares during the last quarter.

The Mexico Fund Stock Performance

Shares of MXF opened at $15.80 on Monday. The Mexico Fund, Inc. has a 1-year low of $14.77 and a 1-year high of $19.69. The company’s fifty day simple moving average is $16.63 and its 200 day simple moving average is $17.85.

The Mexico Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Wednesday, July 17th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 17th. This represents a $0.88 dividend on an annualized basis and a yield of 5.57%.

Insider Buying and Selling

In related news, Director Richard B. Vaughan acquired 2,000 shares of The Mexico Fund stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $16.62 per share, with a total value of $33,240.00. Following the completion of the transaction, the director now directly owns 7,000 shares in the company, valued at approximately $116,340. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.69% of the stock is 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.