City of London Investment Management Co. Ltd. trimmed its stake in Mexico Fund Inc. (NYSE:MXF) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,211,738 shares of the investment management company’s stock after selling 28,440 shares during the quarter. Mexico Fund makes up 1.5% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 19th biggest holding. City of London Investment Management Co. Ltd. owned approximately 8.06% of Mexico Fund worth $20,793,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MXF. Citadel Advisors LLC purchased a new stake in shares of Mexico Fund in the third quarter valued at $241,000. Point View Wealth Management Inc. grew its position in shares of Mexico Fund by 16.1% in the third quarter. Point View Wealth Management Inc. now owns 33,191 shares of the investment management company’s stock valued at $571,000 after purchasing an additional 4,603 shares during the period. Doliver Capital Advisors LP purchased a new stake in shares of Mexico Fund in the third quarter valued at $443,000. Gramercy Funds Management LLC purchased a new stake in Mexico Fund during the third quarter valued at about $232,000. Finally, Deschutes Portfolio Strategy LLC purchased a new stake in Mexico Fund during the third quarter valued at about $3,549,000. 22.95% of the stock is owned by institutional investors.
Mexico Fund Inc. (NYSE:MXF) traded down $0.10 during mid-day trading on Wednesday, reaching $15.74. The company’s stock had a trading volume of 62,300 shares, compared to its average volume of 63,174. Mexico Fund Inc. has a 1 year low of $13.28 and a 1 year high of $18.24.
About Mexico Fund
The Mexico Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. It may invest in Mexican fixed-income securities and bank time deposits of Mexican banks, all of which are peso-denominated and may be dollar-linked.
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