Allspring Global Investments Holdings LLC Sells 137,921 Shares of Mexico Fund, Inc. (The) $MXF

Allspring Global Investments Holdings LLC reduced its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 12.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 953,750 shares of the investment management company’s stock after selling 137,921 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Mexico Fund worth $19,209,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MXF. Quantedge Capital Pte Ltd boosted its holdings in shares of Mexico Fund by 3.7% in the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock valued at $2,286,000 after buying an additional 4,650 shares during the period. Uhlmann Price Securities LLC raised its holdings in shares of Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after acquiring an additional 1,074 shares during the period. Verition Fund Management LLC lifted its position in Mexico Fund by 21.7% in the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after acquiring an additional 17,747 shares in the last quarter. North Ground Capital bought a new stake in Mexico Fund in the 3rd quarter valued at $608,000. Finally, Scotia Capital Inc. lifted its holdings in shares of Mexico Fund by 127.8% in the third 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.

Mexico Fund Trading Down 0.4%

NYSE:MXF opened at $21.28 on Friday. Mexico Fund, Inc. has a 52-week low of $13.10 and a 52-week high of $23.00. The stock has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $20.31.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Insider Activity at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 32,126 shares of the stock in a transaction dated Friday, February 13th. The shares were bought at an average cost of $22.69 per share, for a total transaction of $728,938.94. Following the completion of the acquisition, the insider directly owned 1,730,621 shares of the company’s stock, valued at approximately $39,267,790.49. This trade represents a 1.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard B. Vaughan sold 2,500 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $22.34, for a total transaction of $55,850.00. Following the completion of the sale, the director directly owned 6,000 shares in the company, valued at approximately $134,040. This represents a 29.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 66,533 shares of company stock valued at $1,449,451 over the last ninety days. Company insiders own 2.69% of the company’s stock.

About Mexico Fund

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.