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

North Ground Capital purchased a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 136,348 shares of the investment management company’s stock, valued at approximately $2,981,931. Mexico Fund comprises approximately 0.0% of North Ground Capital’s portfolio, making the stock its 11th largest holding. North Ground Capital owned about 0.95% of Mexico Fund at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MXF. Farther Finance Advisors LLC grew its stake in shares of 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 worth $27,000 after acquiring an additional 1,194 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mexico Fund during the 2nd quarter valued at $33,000. Uhlmann Price Securities LLC grew its position in 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 purchasing an additional 2,013 shares in the last quarter. Calamos Advisors LLC grew its position in shares of Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position 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 acquiring an additional 2,735 shares during the period.

Insider Transactions at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 32,102 shares of Mexico Fund stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $21.61 per share, with a total value of $693,724.22. Following the completion of the acquisition, the insider owned 2,165,481 shares in the company, valued at approximately $46,796,044.41. This represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 205,953 shares of company stock worth $4,495,910 in the last three months. 2.69% of the stock is currently owned by insiders.

Mexico Fund Stock Performance

Shares of Mexico Fund stock traded down $0.37 during trading on Friday, reaching $21.64. The stock had a trading volume of 56,171 shares, compared to its average volume of 55,078. The stock has a fifty day moving average price of $21.65 and a two-hundred day moving average price of $21.65. Mexico Fund, Inc. has a 52 week low of $17.81 and a 52 week high of $23.00.

Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd were given a $0.35 dividend. The ex-dividend date was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.5%.

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.