Mexico Fund (NYSE:MXF) Director David Michael Satterfield Acquires 691 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) Director David Michael Satterfield acquired 691 shares of Mexico Fund stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $21.72 per share, with a total value of $15,008.52. Following the transaction, the director owned 691 shares in the company, valued at approximately $15,008.52. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Mexico Fund Price Performance

MXF opened at $21.34 on Tuesday. The business has a fifty day simple moving average of $21.67 and a 200-day simple moving average of $21.66. Mexico Fund, Inc. has a fifty-two week low of $17.81 and a fifty-two week high of $23.00.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its position in Mexico Fund by 4.3% during the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares during the last quarter. Almitas Capital LLC acquired a new position in Mexico Fund during the second quarter worth $3,736,000. North Ground Capital bought a new position in Mexico Fund during the second quarter valued at about $2,981,931,000. Finally, Altium Capital Management LLC lifted its position in shares of Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after buying an additional 79,898 shares during the last quarter.

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.