Hudson Portfolio Management LLC Takes $784,000 Position in Mexico Fund, Inc. (The) $MXF

Hudson Portfolio Management LLC acquired a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,868 shares of the investment management company’s stock, valued at approximately $784,000.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted 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 buying an additional 1,194 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Mexico Fund during the second quarter valued at $33,000. Blue Bell Private Wealth Management LLC grew its holdings in Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after acquiring an additional 2,735 shares during the period. Evolve Private Wealth LLC acquired a new stake in Mexico Fund during the 2nd quarter worth about $278,000. Finally, Calamos Advisors LLC grew its holdings in Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after acquiring an additional 4,563 shares during the period.

Insider Buying and Selling

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

Mexico Fund Price Performance

MXF stock opened at $22.04 on Friday. The stock has a 50-day moving average price of $21.67 and a 200-day moving average price of $21.66. Mexico Fund, Inc. has a 1-year low of $17.81 and a 1-year high of $23.00.

Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 annualized dividend and a yield of 6.4%.

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.