Richard Vaughan Sells 2,500 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) Director Richard Vaughan sold 2,500 shares of the company’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 sale, the director directly owned 6,000 shares of the company’s stock, valued at approximately $134,040. This trade represents a 29.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mexico Fund Price Performance

NYSE:MXF opened at $22.58 on Thursday. Mexico Fund, Inc. has a 12 month low of $13.10 and a 12 month high of $22.99. The business’s 50-day moving average is $21.39 and its two-hundred day moving average is $19.83.

Mexico Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st were issued a $0.35 dividend. The ex-dividend date was Wednesday, January 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.2%. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25.

Institutional Trading of Mexico Fund

Several large investors have recently bought and sold shares of MXF. Sit Investment Associates Inc. boosted its stake in shares of Mexico Fund by 144.8% in the fourth quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 29,377 shares during the period. Saba Capital Management L.P. increased its position in shares of Mexico Fund by 32.4% in the 4th 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 last quarter. North Ground Capital raised its stake in Mexico Fund by 309.2% during the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock valued at $2,544,000 after buying an additional 95,443 shares in the last quarter. Marex Group plc acquired a new stake in shares of Mexico Fund during the 4th quarter valued at approximately $1,926,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Mexico Fund by 109.4% in 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 buying an additional 2,735 shares during the last quarter.

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.