Landscape Capital Management L.L.C. Takes $875,000 Position in Mexico Fund, Inc. (The) $MXF

Landscape Capital Management L.L.C. acquired a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) during the second quarter, HoldingsChannel reports. The firm acquired 40,001 shares of the investment management company’s stock, valued at approximately $875,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC bought a new position in Mexico Fund during the 2nd quarter worth about $802,000. Saba Capital Management L.P. lifted its holdings 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 in the last quarter. Allspring Global Investments Holdings LLC lifted 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. Calamos Advisors LLC boosted its position in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after buying an additional 2,535 shares during the period. Finally, Altium Capital Management LLC boosted 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 buying an additional 79,898 shares during the period.

Insiders Place Their Bets

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. purchased 44,608 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $22.27 per share, with a total value of $993,420.16. Following the purchase, the insider directly owned 2,065,923 shares of the company’s stock, valued at $46,008,105.21. The trade was a 2.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 290,129 shares of company stock worth $6,363,893. Corporate insiders own 2.69% of the company’s stock.

Mexico Fund Stock Performance

NYSE:MXF opened at $22.04 on Monday. Mexico Fund, Inc. has a 52-week low of $17.81 and a 52-week high of $23.00. The stock has a 50-day simple moving average of $21.67 and a 200 day simple moving average of $21.66.

Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.4%.

Mexico Fund 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.