Landscape Capital Management L.L.C. Makes New $875,000 Investment in Mexico Fund, Inc. (The) $MXF

Landscape Capital Management L.L.C. purchased a new stake in Mexico Fund, Inc. (The) (NYSE:MXF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,001 shares of the investment management company’s stock, valued at approximately $875,000. Landscape Capital Management L.L.C. owned 0.28% of Mexico Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,735 shares in the last quarter. Calamos Advisors LLC lifted its stake in Mexico Fund by 32.1% during the fourth 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 during the period. Scotia Capital Inc. lifted its stake in Mexico Fund by 127.8% during the third 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 during the period. Finally, Beverly Hills Private Wealth LLC bought a new position in Mexico Fund during the second quarter worth about $802,000.

Mexico Fund Price Performance

Shares of NYSE MXF opened at $22.04 on Monday. The business has a fifty day moving average of $21.67 and a two-hundred day moving average of $21.66. Mexico Fund, Inc. has a 52-week low of $17.81 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, July 22nd.

Insider Transactions at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 44,608 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of $22.27 per share, with a total value of $993,420.16. Following the acquisition, the insider owned 2,065,923 shares of the company’s stock, valued at $46,008,105.21. This trade represents a 2.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 290,129 shares of company stock valued at $6,363,893 in the last quarter. 2.69% of the stock is owned by company insiders.

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.