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

Sit Investment Associates Inc. grew its position in Mexico Fund, Inc. (The) (NYSE:MXF) by 144.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,669 shares of the investment management company’s stock after buying an additional 29,377 shares during the period. Sit Investment Associates Inc.’s holdings in Mexico Fund were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MXF. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $105,000 after buying an additional 2,735 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Mexico Fund during the 3rd quarter worth about $265,000. Calamos Advisors LLC lifted its holdings in shares of 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. Finally, Scotia Capital Inc. boosted its position in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares in the last quarter.

Insider Buying and Selling at Mexico Fund

In related news, major shareholder Saba Capital Management, L.P. bought 29,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $22.30 per share, with a total value of $657,850.00. Following the acquisition, the insider owned 2,234,685 shares in the company, valued at approximately $49,833,475.50. This represents a 1.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 470,353 shares of company stock valued at $10,300,952. Corporate insiders own 2.69% of the company’s stock.

Mexico Fund Price Performance

NYSE MXF opened at $22.19 on Friday. The company’s 50-day simple moving average is $21.82 and its 200 day simple moving average is $21.31. Mexico Fund, Inc. has a twelve month low of $16.43 and a twelve month high of $23.00.

Mexico Fund Announces Dividend

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

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.