Beverly Hills Private Wealth LLC Purchases New Position in Mexico Fund, Inc. (The) $MXF

Beverly Hills Private Wealth LLC bought a new stake in Mexico Fund, Inc. (The) (NYSE:MXF) in the second quarter, Holdings Channel reports. The institutional investor bought 36,682 shares of the investment management company’s stock, valued at approximately $802,000.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Mexico Fund by 775.3% during the 4th 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 in the last quarter. Blue Bell Private Wealth Management LLC increased its position in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares in the last quarter. Calamos Advisors LLC increased its position in Mexico Fund by 32.1% in the 4th 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 in the last quarter. Scotia Capital Inc. raised its stake in shares of Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after acquiring an additional 14,241 shares during the last quarter. Finally, Altium Capital Management LLC bought a new position in shares of Mexico Fund in the fourth quarter worth about $972,000.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 44,608 shares of Mexico Fund stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $22.27 per share, with a total value of $993,420.16. Following the acquisition, the insider owned 2,065,923 shares in the company, valued at $46,008,105.21. This represents a 2.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have purchased 321,176 shares of company stock valued at $7,035,399. Insiders own 2.69% of the company’s stock.

Mexico Fund Trading Down 0.2%

Shares of MXF stock opened at $21.47 on Monday. Mexico Fund, Inc. has a 1 year low of $17.81 and a 1 year high of $23.00. The firm’s 50 day moving average is $21.67 and its 200-day moving average is $21.67.

Mexico Fund Dividend Announcement

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

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.