North Ground Capital Takes $608,000 Position in Mexico Fund, Inc. (The) $MXF

North Ground Capital purchased a new stake in Mexico Fund, Inc. (The) (NYSE:MXF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,869 shares of the investment management company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its holdings in Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after buying an additional 1,200 shares in the last quarter. Scotia Capital Inc. purchased a new position in shares of Mexico Fund during the 2nd quarter worth $196,000. Calamos Advisors LLC boosted its position in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the last quarter. Uhlmann Price Securities LLC grew its holdings in shares of Mexico Fund by 0.7% in the second quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock valued at $1,783,000 after purchasing an additional 696 shares during the period. Finally, Quantedge Capital Pte Ltd increased its position in Mexico Fund by 3.7% during the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after purchasing an additional 4,650 shares during the last quarter.

Insiders Place Their Bets

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 47,273 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $19.15 per share, with a total value of $905,277.95. Following the completion of the purchase, the insider directly owned 1,597,698 shares in the company, valued at $30,595,916.70. The trade was a 3.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 157,362 shares of company stock valued at $3,082,966 in the last ninety days. Corporate insiders own 2.69% of the company’s stock.

Mexico Fund Stock Up 1.0%

Shares of MXF stock opened at $21.17 on Monday. The firm’s 50-day moving average is $19.90 and its two-hundred day moving average is $18.94. Mexico Fund, Inc. has a 12 month low of $13.10 and a 12 month high of $21.21.

Mexico Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, January 21st will be issued a $0.35 dividend. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Wednesday, January 21st.

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.