Lazard Asset Management LLC Has $14.95 Million Stock Holdings in The Mexico Fund, Inc. (NYSE:MXF)

Lazard Asset Management LLC cut its stake in shares of The Mexico Fund, Inc. (NYSE:MXF) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,132,225 shares of the investment management company’s stock after selling 21,236 shares during the quarter. Lazard Asset Management LLC owned approximately 7.73% of The Mexico Fund worth $14,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MXF. Calamos Advisors LLC bought a new position in shares of The Mexico Fund during the fourth quarter valued at about $174,000. Rahlfs Capital LLC bought a new position in shares of The Mexico Fund in the 4th quarter worth $276,000. Raymond James Financial Inc. bought a new position in shares of The Mexico Fund during the 4th quarter valued at $651,000. Logan Stone Capital LLC grew its holdings in shares of The Mexico Fund by 11.8% in the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company’s stock worth $1,073,000 after purchasing an additional 8,606 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in The Mexico Fund in the fourth quarter valued at $1,490,000.

The Mexico Fund Stock Up 2.3%

NYSE:MXF opened at $16.19 on Wednesday. The firm’s 50-day moving average price is $14.75 and its 200-day moving average price is $14.13. The Mexico Fund, Inc. has a 1-year low of $12.99 and a 1-year high of $18.93.

The Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.88 annualized dividend and a dividend yield of 5.44%.

Insider Transactions at The Mexico Fund

In other news, Director La Calle Luis De bought 6,000 shares of The Mexico Fund stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $14.32 per share, with a total value of $85,920.00. Following the completion of the acquisition, the director now owns 7,344 shares of the company’s stock, valued at $105,166.08. This trade represents a 446.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.69% of the company’s stock.

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.