103,603 Shares in Mexico Fund, Inc. (The) $MXF Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio bought 103,603 shares of Mexico Fund, valued at approximately $2.27 million, giving it a 0.72% stake.
• Institutional interest increased, with Saba Capital Management raising its position by 32.4% and several other firms establishing new stakes. Saba also purchased an additional 29,500 shares, while insiders bought 111,655 shares during the last quarter.
• Mexico Fund shares opened at $21.61, within a 52-week range of $17.99 to $23.00. The fund recently paid a quarterly dividend of $0.35 per share, equivalent to a 6.5% annualized yield.

Public Employees Retirement System of Ohio bought a new position in shares of Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 103,603 shares of the investment management company's stock, valued at approximately $2,266,000. Public Employees Retirement System of Ohio owned 0.72% of Mexico Fund at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Saba Capital Management L.P. increased its stake in shares of Mexico Fund by 32.4% in the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company's stock valued at $34,063,000 after buying an additional 413,606 shares during the period. Almitas Capital LLC acquired a new position in shares of Mexico Fund in the second quarter worth approximately $3,736,000. North Ground Capital bought a new stake in Mexico Fund in the second quarter valued at approximately $2,981,931. Marex Group plc acquired a new stake in Mexico Fund during the 4th quarter valued at approximately $1,926,000. Finally, Altium Capital Management LLC increased its position 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 valued at $2,683,000 after purchasing an additional 79,898 shares during the period.

Insider Transactions at Mexico Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 29,500 shares of the business's stock in a transaction on Friday, June 12th. The shares were acquired at an average price of $22.30 per share, with a total value of $657,850.00. Following the completion of the transaction, the insider owned 2,234,685 shares of the company's stock, valued at $49,833,475.50. The trade was a 1.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 111,655 shares of company stock valued at $2,433,687 in the last quarter. 2.69% of the stock is owned by insiders.

Mexico Fund Stock Performance

Mexico Fund stock opened at $21.61 on Friday. Mexico Fund, Inc. has a 52-week low of $17.99 and a 52-week high of $23.00. The firm has a 50 day moving average price of $21.65 and a two-hundred day moving average price of $21.62.

Mexico Fund Dividend Announcement

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

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.

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