Hudson Portfolio Management LLC Takes $784,000 Position in Mexico Fund, Inc. (The) $MXF

Hudson Portfolio Management LLC acquired a new stake in Mexico Fund, Inc. (The) (NYSE:MXF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,868 shares of the investment management company’s stock, valued at approximately $784,000. Hudson Portfolio Management LLC owned about 0.25% of Mexico Fund at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 1,194 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mexico Fund during the second quarter valued at $33,000. Uhlmann Price Securities LLC raised its stake in shares of Mexico Fund by 1.9% during the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after acquiring an additional 2,013 shares during the last quarter. Calamos Advisors LLC lifted its holdings in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after purchasing an additional 2,535 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 2,735 shares during the period.

Insider Activity at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 2,952 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $21.41 per share, with a total value of $63,202.32. Following the completion of the purchase, the insider owned 2,303,716 shares in the company, valued at approximately $49,322,559.56. This represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 290,129 shares of company stock valued at $6,363,893. Insiders own 2.69% of the company’s stock.

Mexico Fund Price Performance

Shares of Mexico Fund stock opened at $22.04 on Friday. Mexico Fund, Inc. has a twelve month low of $17.81 and a twelve month high of $23.00. The company’s fifty day moving average is $21.67 and its 200 day moving average is $21.66.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 annualized dividend and a 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.