Mexico Fund, Inc. (The) $MXF Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Mexico Fund, Inc. (The) (NYSE:MXF) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 981,733 shares of the investment management company’s stock after buying an additional 27,983 shares during the period. Allspring Global Investments Holdings LLC owned about 6.81% of Mexico Fund worth $20,548,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its holdings in Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the last quarter. Altium Capital Management LLC increased its holdings in Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares during the last quarter. Uhlmann Price Securities LLC increased its holdings in Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after purchasing an additional 2,013 shares during the last quarter. Alpine Global Management LLC raised its position in shares of Mexico Fund by 356.7% in the 4th quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock valued at $1,237,000 after purchasing an additional 47,979 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in shares of Mexico Fund by 144.8% in the 4th 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 in the last quarter.

Mexico Fund Stock Performance

Shares of NYSE:MXF opened at $21.47 on Tuesday. The company has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $21.56. Mexico Fund, Inc. has a 12-month low of $16.57 and a 12-month high of $23.00.

Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.40 annualized dividend and a dividend yield of 6.5%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average price of $21.73 per share, with a total value of $39,722.44. Following the completion of the transaction, the insider owned 2,261,962 shares of the company’s stock, valued at approximately $49,152,434.26. This trade represents a 0.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 477,654 shares of company stock valued at $10,461,949. Corporate insiders own 2.69% of the company’s stock.

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.