Mexico Fund (NYSE:MXF) Director Sells 2,500 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) Director Richard Vaughan sold 2,500 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $22.34, for a total value of $55,850.00. Following the completion of the sale, the director owned 6,000 shares in the company, valued at approximately $134,040. This trade represents a 29.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mexico Fund Stock Up 1.3%

MXF stock traded up $0.30 during trading hours on Tuesday, hitting $22.58. 107,330 shares of the stock were exchanged, compared to its average volume of 71,749. The company has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $19.78. Mexico Fund, Inc. has a 12 month low of $13.10 and a 12 month high of $22.99.

Mexico Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st were given a $0.35 dividend. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Wednesday, January 21st.

Institutional Trading of Mexico Fund

A number of institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. raised its stake in Mexico Fund by 32.4% during the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after buying an additional 413,606 shares during the period. North Ground Capital lifted its stake in shares of Mexico Fund by 309.2% during the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock valued at $2,544,000 after buying an additional 95,443 shares in the last quarter. Marex Group plc purchased a new position in Mexico Fund during the 4th quarter valued at about $1,926,000. Blue Bell Private Wealth Management LLC grew its position in Mexico Fund by 109.4% during the fourth 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 in the last quarter. Finally, Altium Capital Management LLC bought a new position in shares of Mexico Fund in the 4th quarter worth $972,000.

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.