Mexico Fund (NYSE:MXF) Director Acquires $15,008.52 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) Director David Michael Satterfield acquired 691 shares of the business’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $21.72 per share, for a total transaction of $15,008.52. Following the completion of the transaction, the director owned 691 shares in the company, valued at approximately $15,008.52. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mexico Fund Stock Performance

MXF opened at $21.35 on Thursday. Mexico Fund, Inc. has a 52 week low of $17.81 and a 52 week high of $23.00. The business has a 50 day moving average of $21.68 and a 200-day moving average of $21.65.

Mexico Fund Dividend Announcement

The firm also recently announced 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 6.6%. The ex-dividend date was Wednesday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in Mexico Fund during the 2nd quarter valued at about $2,266,000. Almitas Capital LLC purchased a new stake in Mexico Fund in the second quarter worth about $3,736,000. North Ground Capital purchased a new stake in Mexico Fund in the second quarter worth about $2,981,931,000. Hudson Portfolio Management LLC bought a new position in shares of Mexico Fund during the second quarter valued at approximately $784,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Mexico Fund during the second quarter valued at approximately $33,000.

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.