Public Employees Retirement System of Ohio Makes New $2.27 Million Investment in Mexico Fund, Inc. (The) $MXF

Public Employees Retirement System of Ohio acquired a new stake in Mexico Fund, Inc. (The) (NYSE:MXF) in the 2nd quarter, Holdings Channel reports. The firm acquired 103,603 shares of the investment management company’s stock, valued at approximately $2,266,000.

A number of other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Mexico Fund during the 2nd quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC raised its stake in 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 buying an additional 2,735 shares during the period. Evolve Private Wealth LLC bought a new position in Mexico Fund in the second quarter worth approximately $278,000. Finally, Calamos Advisors LLC boosted its holdings in Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after acquiring an additional 2,535 shares in the last quarter.

Insider Transactions at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. purchased 2,952 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $21.41 per share, for a total transaction of $63,202.32. Following the purchase, the insider owned 2,303,716 shares of the company’s stock, valued at $49,322,559.56. This trade represents a 0.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 111,655 shares of company stock valued at $2,433,687. Company insiders own 2.69% of the company’s stock.

Mexico Fund Stock Performance

NYSE MXF opened at $21.61 on Friday. Mexico Fund, Inc. has a 52 week low of $17.99 and a 52 week high of $23.00. The business has a 50 day moving average price of $21.65 and a 200-day moving average price of $21.62.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 annualized dividend and a yield of 6.5%.

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.