Allspring Global Investments Holdings LLC Sells 137,921 Shares of Mexico Fund, Inc. (The) $MXF

Key Points

• Allspring Global Investments cut its stake in Mexico Fund by 12.6% in Q4, selling 137,921 shares and retaining 953,750 shares (about 6.51% of the fund) worth roughly $19.21 million.
• Mexico Fund declared a quarterly dividend of $0.35 per share (annualized $1.40), with an ex-dividend date of April 22 and payment on April 30, implying a yield of about 6.6%.
• Insider activity was mixed: Director Richard B. Vaughan sold 2,500 shares while major holder Saba Capital bought 32,126 shares; insiders purchased 66,533 shares over the last three months and now own about 2.69% of the company.

Allspring Global Investments Holdings LLC cut its holdings in Mexico Fund, Inc. (The) (NYSE:MXF - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 953,750 shares of the investment management company's stock after selling 137,921 shares during the quarter. Allspring Global Investments Holdings LLC owned about 6.51% of Mexico Fund worth $19,209,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. North Ground Capital acquired a new position in Mexico Fund in the third quarter valued at about $608,000. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company's stock worth $49,000 after buying an additional 1,200 shares during the period. Uhlmann Price Securities LLC increased its stake in shares of Mexico Fund by 2.5% in the 3rd quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company's stock valued at $2,050,000 after acquiring an additional 2,583 shares during the last quarter. Quantedge Capital Pte Ltd increased its stake in shares of Mexico Fund by 3.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company's stock valued at $2,286,000 after acquiring an additional 4,650 shares during the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Mexico Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company's stock valued at $280,000 after acquiring an additional 2,535 shares during the period.

Mexico Fund Price Performance

Mexico Fund stock opened at $21.28 on Friday. The company's 50 day simple moving average is $21.54 and its 200 day simple moving average is $20.31. Mexico Fund, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $23.00.

Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be issued a $0.35 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 6.6%.

Insiders Place Their Bets

In other Mexico Fund news, Director Richard B. Vaughan sold 2,500 shares of Mexico Fund stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $22.34, for a total transaction of $55,850.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at approximately $134,040. The trade was a 29.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Saba Capital Management, L.P. bought 32,126 shares of the firm's stock in a transaction on Friday, February 13th. The stock was acquired at an average cost of $22.69 per share, with a total value of $728,938.94. Following the completion of the purchase, the insider owned 1,730,621 shares of the company's stock, valued at approximately $39,267,790.49. This trade represents a 1.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 66,533 shares of company stock worth $1,449,451. 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.

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