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

Mexico Fund, Inc. (The) (NYSE:MXF) Director David Michael Satterfield bought 691 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $21.72 per share, with a total value of $15,008.52. Following the completion of the acquisition, the director owned 691 shares of the company’s stock, valued at $15,008.52. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mexico Fund Stock Performance

NYSE:MXF traded down $0.21 during trading hours on Monday, reaching $21.29. 14,611 shares of the company were exchanged, compared to its average volume of 56,299. Mexico Fund, Inc. has a 52-week low of $17.81 and a 52-week high of $23.00. The stock has a 50 day simple moving average of $21.67 and a 200 day simple moving average of $21.67.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd were paid 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 dividend yield of 6.6%.

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,194 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Mexico Fund during the 2nd quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC raised its holdings in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the period. Evolve Private Wealth LLC purchased a new position in Mexico Fund in the second quarter valued at approximately $278,000. Finally, Calamos Advisors LLC lifted its position in Mexico Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after buying an additional 4,563 shares in 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.