City of London Investment Management Co. Ltd. Sells 51,744 Shares of Mexico Fund, Inc. (The) $MXF

City of London Investment Management Co. Ltd. trimmed its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,557,028 shares of the investment management company’s stock after selling 51,744 shares during the period. Mexico Fund makes up about 5.2% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 6th largest position. City of London Investment Management Co. Ltd. owned about 0.24% of Mexico Fund worth $70,073,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,200 shares in the last quarter. Scotia Capital Inc. bought a new stake in Mexico Fund during the second quarter worth approximately $196,000. Calamos Advisors LLC raised its holdings in Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock worth $280,000 after purchasing an additional 2,535 shares in the last quarter. North Ground Capital acquired a new stake in Mexico Fund in the third quarter worth approximately $608,000. Finally, Uhlmann Price Securities LLC lifted its position in Mexico Fund by 2.5% in the third quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock worth $2,050,000 after purchasing an additional 2,583 shares during the period.

Mexico Fund Stock Down 1.1%

Shares of NYSE MXF opened at $20.14 on Friday. Mexico Fund, Inc. has a 1 year low of $13.10 and a 1 year high of $23.00. The stock has a fifty day moving average price of $21.64 and a two-hundred day moving average price of $20.10.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a $0.35 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 7.0%.

Insider Transactions at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 4,480 shares of Mexico Fund stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $21.34 per share, for a total transaction of $95,603.20. Following the transaction, the insider owned 1,735,101 shares in the company, valued at approximately $37,027,055.34. This trade represents a 0.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard B. Vaughan sold 2,500 shares of Mexico Fund stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $22.34, for a total transaction of $55,850.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at $134,040. This represents a 29.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders acquired a total of 89,965 shares of company stock valued at $1,907,762 over the last three months. 2.69% of the stock is owned by corporate insiders.

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.