Mexico Fund, Inc. (The) $MXF Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 981,733 shares of the investment management company’s stock after acquiring an additional 27,983 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Mexico Fund worth $20,548,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Saba Capital Management L.P. lifted its position in 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 worth $34,063,000 after purchasing an additional 413,606 shares during the period. Marex Group plc acquired a new position in shares of Mexico Fund during the 4th quarter valued at $1,926,000. North Ground Capital raised its stake in shares of Mexico Fund by 309.2% in 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 in the last quarter. Altium Capital Management LLC raised its stake in shares of Mexico Fund by 165.5% in the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after buying an additional 79,898 shares in the last quarter. Finally, Alpine Global Management LLC lifted its holdings in shares of Mexico Fund by 356.7% in the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock valued at $1,237,000 after buying an additional 47,979 shares during the period.

Mexico Fund Stock Performance

NYSE:MXF opened at $21.47 on Tuesday. The company has a 50-day moving average of $21.78 and a 200-day moving average of $21.56. Mexico Fund, Inc. has a twelve month low of $16.57 and a twelve month high of $23.00.

Mexico Fund Dividend Announcement

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

Insiders Place Their Bets

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 1,884,830 shares in the company, valued at approximately $41,145,838.90. This represents a 5.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 477,654 shares of company stock worth $10,461,949. Insiders own 2.69% of the company’s stock.

Mexico Fund 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.