Beverly Hills Private Wealth LLC Purchases Shares of 36,682 Mexico Fund, Inc. (The) $MXF

Beverly Hills Private Wealth LLC purchased a new position in Mexico Fund, Inc. (The) (NYSE:MXF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 36,682 shares of the investment management company’s stock, valued at approximately $802,000. Beverly Hills Private Wealth LLC owned about 0.25% of Mexico Fund at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MXF. Farther Finance Advisors LLC lifted 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 buying an additional 1,194 shares during the period. 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 acquiring an additional 2,735 shares during the period. Calamos Advisors LLC grew 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 purchasing an additional 4,563 shares in the last quarter. Scotia Capital Inc. grew its holdings 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 worth $500,000 after purchasing an additional 14,241 shares in the last quarter. Finally, Altium Capital Management LLC acquired a new position in shares of Mexico Fund in the fourth quarter valued at $972,000.

Insider Buying and Selling at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. bought 9,362 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $22.19 per share, with a total value of $207,742.78. Following the completion of the purchase, the insider directly owned 2,300,764 shares in the company, valued at $51,053,953.16. The trade was a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 321,176 shares of company stock worth $7,035,399. 2.69% of the stock is currently owned by insiders.

Mexico Fund Stock Down 0.2%

Shares of MXF stock opened at $21.47 on Monday. Mexico Fund, Inc. has a one year low of $17.81 and a one year high of $23.00. The stock has a fifty day moving average price of $21.67 and a 200 day moving average price of $21.67.

Mexico Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was 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.