David Michael Satterfield Purchases 691 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) Director David Michael Satterfield purchased 691 shares of Mexico Fund stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $21.72 per share, for a total transaction of $15,008.52. Following the completion of the purchase, the director directly owned 691 shares in the company, valued at approximately $15,008.52. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mexico Fund Stock Down 0.9%

NYSE:MXF opened at $21.21 on Wednesday. Mexico Fund, Inc. has a fifty-two week low of $17.81 and a fifty-two week high of $23.00. The company has a 50 day moving average price of $21.67 and a 200 day moving average price of $21.66.

Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.6%.

Hedge Funds Weigh In On Mexico Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Altium Capital Management LLC lifted its position in shares of Mexico Fund by 165.5% during the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares in the last quarter. Saba Capital Management L.P. boosted its stake in shares of Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Mexico Fund by 144.8% in the fourth quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 29,377 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new stake in Mexico Fund during the 2nd quarter worth approximately $802,000.

Mexico Fund Company Profile

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.