Rpo LLC Invests $1.99 Million in The Mexico Fund, Inc. (NYSE:MXF)

Rpo LLC purchased a new stake in The Mexico Fund, Inc. (NYSE:MXF) in the fourth quarter, Holdings Channel reports. The firm purchased 150,485 shares of the investment management company’s stock, valued at approximately $1,986,000. The Mexico Fund accounts for 1.8% of Rpo LLC’s holdings, making the stock its 6th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blankinship & Foster LLC purchased a new position in The Mexico Fund during the 3rd quarter valued at about $160,000. Calamos Advisors LLC bought a new position in shares of The Mexico Fund during the fourth quarter valued at approximately $174,000. Raymond James Financial Inc. purchased a new position in The Mexico Fund during the fourth quarter valued at approximately $651,000. Wolverine Asset Management LLC raised its stake in The Mexico Fund by 95.5% in the fourth quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock worth $1,922,000 after buying an additional 71,133 shares in the last quarter. Finally, Matisse Capital lifted its holdings in The Mexico Fund by 7.7% during the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock worth $2,574,000 after buying an additional 14,000 shares during the period.

The Mexico Fund Trading Up 0.3 %

Shares of NYSE:MXF opened at $14.46 on Thursday. The Mexico Fund, Inc. has a 12-month low of $12.99 and a 12-month high of $19.69. The business’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $14.14.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be issued a $0.22 dividend. 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 6.09%.

Insider Buying and Selling at The Mexico Fund

In other news, Director La Calle Luis De bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $14.32 per share, with a total value of $85,920.00. Following the completion of the transaction, the director now directly owns 7,344 shares of the company’s stock, valued at approximately $105,166.08. The trade was a 446.43 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alberto Osorio purchased 15,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was 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 directly owns 115,195 shares of the company’s stock, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their position. The disclosure for this purchase can be found here. 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.