North Ground Capital Makes New $2.98 Billion Investment in Mexico Fund, Inc. (The) $MXF

North Ground Capital bought a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 136,348 shares of the investment management company’s stock, valued at approximately $2,981,931,000. Mexico Fund makes up approximately 3.6% of North Ground Capital’s portfolio, making the stock its 11th biggest position. North Ground Capital owned 0.95% of Mexico Fund as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MXF. Scotia Capital Inc. increased its stake in shares of Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 14,241 shares in the last quarter. Verition Fund Management LLC boosted its position in Mexico Fund by 21.7% during the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after purchasing an additional 17,747 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,194 shares during the period. Calamos Advisors LLC grew its holdings in Mexico Fund by 32.1% in the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after purchasing an additional 4,563 shares during the period. Finally, Altium Capital Management LLC purchased a new stake in shares of Mexico Fund in the fourth quarter valued at approximately $972,000.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of $21.41 per share, for a total transaction of $63,202.32. Following the completion of the transaction, the insider owned 2,303,716 shares of the company’s stock, valued at approximately $49,322,559.56. The trade was a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 290,129 shares of company stock valued at $6,363,893. 2.69% of the stock is currently owned by insiders.

Mexico Fund Stock Performance

Mexico Fund stock opened at $22.04 on Monday. The business has a 50 day simple moving average of $21.67 and a 200-day simple moving average of $21.66. Mexico Fund, Inc. has a 12 month low of $17.81 and a 12 month high of $23.00.

Mexico Fund Announces Dividend

The business also recently declared 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 6.4%.

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.