Morgan Stanley Has $595,000 Stock Holdings in Mexico Fund, Inc. (NYSE:MXF)

Morgan Stanley lessened its stake in shares of Mexico Fund, Inc. (NYSE:MXF) by 21.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,242 shares of the investment management company’s stock after selling 11,905 shares during the quarter. Morgan Stanley’s holdings in Mexico Fund were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. City of London Investment Management Co. Ltd. grew its holdings in Mexico Fund by 10.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 4,189,235 shares of the investment management company’s stock valued at $57,455,000 after purchasing an additional 389,856 shares during the last quarter. Point View Wealth Management Inc. acquired a new position in Mexico Fund during the second quarter valued at approximately $591,000. 6 Meridian acquired a new position in Mexico Fund during the second quarter valued at approximately $342,000. Finally, John G Ullman & Associates Inc. acquired a new position in Mexico Fund during the second quarter valued at approximately $213,000. Institutional investors own 37.43% of the company’s stock.

Shares of Mexico Fund stock opened at $13.55 on Friday. The company’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $13.35. Mexico Fund, Inc. has a 1 year low of $11.85 and a 1 year high of $14.95.

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The business also recently disclosed a — dividend, which was paid on Wednesday, October 30th. Stockholders of record on Wednesday, October 23rd were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a dividend yield of 3.7%.

In related news, CEO Alberto Osorio acquired 7,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average price of $12.92 per share, for a total transaction of $90,440.00. Company insiders own 2.19% of the company’s stock.

About 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.

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Want to see what other hedge funds are holding MXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mexico Fund, Inc. (NYSE:MXF).

Institutional Ownership by Quarter for Mexico Fund (NYSE:MXF)

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