48,287 Shares in Mexico Fund, Inc. (The) $MXF Purchased by Altium Capital Management LLC

Altium Capital Management LLC acquired a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,287 shares of the investment management company’s stock, valued at approximately $972,000. Mexico Fund comprises about 3.8% of Altium Capital Management LLC’s holdings, making the stock its 11th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew 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 buying an additional 1,194 shares during the last quarter. Alpine Global Management LLC bought a new stake in Mexico Fund during the third quarter worth about $265,000. Calamos Advisors LLC grew its stake 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 worth $378,000 after buying an additional 4,563 shares during the last quarter. Scotia Capital Inc. grew its stake 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 worth $500,000 after buying an additional 14,241 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in Mexico Fund by 21.7% during the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after buying an additional 17,747 shares during the last quarter.

Insider Buying and Selling at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 18,586 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $21.59 per share, for a total transaction of $401,271.74. Following the completion of the purchase, the insider owned 1,972,223 shares in the company, valued at $42,580,294.57. This represents a 0.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 224,303 shares of company stock valued at $4,876,832 in the last three months. Company insiders own 2.69% of the company’s stock.

Mexico Fund Stock Up 0.7%

Shares of Mexico Fund stock opened at $21.76 on Thursday. The firm’s 50-day moving average price is $21.29 and its two-hundred day moving average price is $20.90. Mexico Fund, Inc. has a 1-year low of $16.22 and a 1-year high of $23.00.

Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were paid a $0.35 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.4%.

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.