City of London Investment Management Co. Ltd. Cuts Position in Mexico Fund, Inc. (The) $MXF

City of London Investment Management Co. Ltd. decreased its position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,557,028 shares of the investment management company’s stock after selling 51,744 shares during the quarter. Mexico Fund comprises about 5.2% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 6th largest holding. City of London Investment Management Co. Ltd. owned about 24.30% of Mexico Fund worth $70,073,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Bell Private Wealth Management LLC increased its holdings in shares of Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,200 shares during the period. Scotia Capital Inc. acquired a new position in Mexico Fund during the 2nd quarter valued at about $196,000. Calamos Advisors LLC boosted its stake in Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,535 shares during the period. North Ground Capital bought a new position in Mexico Fund in the 3rd quarter worth about $608,000. Finally, Uhlmann Price Securities LLC increased its stake in shares of Mexico Fund by 2.5% in the third quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock valued at $2,050,000 after purchasing an additional 2,583 shares during the period.

Mexico Fund Stock Down 1.1%

MXF opened at $20.14 on Friday. The business’s 50 day moving average is $21.64 and its 200-day moving average is $20.10. Mexico Fund, Inc. has a twelve month low of $13.10 and a twelve month high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.0%. The ex-dividend date is Wednesday, April 22nd.

Insider Buying and Selling at Mexico Fund

In other Mexico Fund news, Director Richard B. Vaughan sold 2,500 shares of Mexico Fund 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 owned 6,000 shares of the company’s stock, valued at $134,040. The trade was a 29.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 4,480 shares of Mexico Fund stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of $21.34 per share, with a total value of $95,603.20. Following the transaction, the insider directly owned 1,735,101 shares in the company, valued at $37,027,055.34. This trade represents a 0.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 89,965 shares of company stock worth $1,907,762 in the last ninety days. 2.69% of the stock is owned by company insiders.

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.