Sit Investment Associates Inc. Buys 29,377 Shares of Mexico Fund, Inc. (The) $MXF

Sit Investment Associates Inc. boosted its stake in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 144.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,669 shares of the investment management company’s stock after purchasing an additional 29,377 shares during the quarter. Sit Investment Associates Inc. owned about 0.34% of Mexico Fund worth $1,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saba Capital Management L.P. raised its position in shares of Mexico Fund by 32.4% in the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock valued at $34,063,000 after purchasing an additional 413,606 shares during the period. North Ground Capital boosted its holdings in shares of Mexico Fund by 309.2% during the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after buying an additional 95,443 shares during the period. Uhlmann Price Securities LLC grew its stake in Mexico Fund by 1.0% in the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after buying an additional 1,074 shares during the last quarter. Verition Fund Management LLC grew its stake 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 buying an additional 17,747 shares during the last quarter. Finally, Marex Group plc acquired a new position in Mexico Fund in the 4th quarter valued at $1,926,000.

Insider Activity at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was acquired at an average price of $21.83 per share, with a total value of $2,183,000.00. Following the transaction, the insider owned 1,884,830 shares of the company’s stock, valued at approximately $41,145,838.90. This trade represents a 5.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 470,353 shares of company stock valued at $10,300,952 in the last 90 days. Insiders own 2.69% of the company’s stock.

Mexico Fund Trading Down 0.3%

Shares of MXF opened at $22.19 on Friday. Mexico Fund, Inc. has a one year low of $16.43 and a one year high of $23.00. The company’s fifty day moving average price is $21.82 and its 200 day moving average price is $21.31.

Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd will be paid a $0.35 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.3%.

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.