Mexico Fund, Inc. (The) $MXF Stock Position Boosted by Altium Capital Management LLC

Altium Capital Management LLC boosted its position in Mexico Fund, Inc. (The) (NYSE:MXF) by 165.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,185 shares of the investment management company’s stock after purchasing an additional 79,898 shares during the quarter. Mexico Fund makes up approximately 6.4% of Altium Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Altium Capital Management LLC’s holdings in Mexico Fund were worth $2,683,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after acquiring an additional 2,735 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Mexico Fund during the 3rd quarter worth approximately $265,000. Calamos Advisors LLC lifted its position in Mexico Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in Mexico Fund by 127.8% during the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter.

Mexico Fund Price Performance

NYSE MXF traded up $0.19 on Friday, hitting $21.64. The stock had a trading volume of 23,121 shares, compared to its average volume of 30,466. The business’s fifty day moving average price is $21.80 and its 200 day moving average price is $21.51. Mexico Fund, Inc. has a 52-week low of $16.57 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.5%.

Insider Buying and Selling at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 1,828 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $21.73 per share, for a total transaction of $39,722.44. Following the purchase, the insider directly owned 2,261,962 shares in the company, valued at $49,152,434.26. This represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 481,338 shares of company stock valued at $10,542,506. 2.69% of the stock is owned by company insiders.

About Mexico Fund

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.