Insider Buying: Mexico Fund (NYSE:MXF) Director Purchases 691 Shares

Key Points

• Director David Michael Satterfield purchased 691 shares of Mexico Fund at an average price of $21.72, representing a total investment of $15,008.52.
• Mexico Fund shares recently traded at $21.29, within a 12-month range of $17.81 to $23.00, while trading volume remained below average.
• The fund paid a quarterly dividend of $0.35 per share, equivalent to an annualized dividend of $1.40 and a 6.6% yield; several institutional investors also initiated positions during the second quarter.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) Director David Michael Satterfield bought 691 shares of Mexico Fund stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $21.72 per share, for a total transaction of $15,008.52. Following the completion of the acquisition, the director owned 691 shares in the company, valued at $15,008.52. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Mexico Fund Price Performance

Shares of Mexico Fund stock traded down $0.21 during mid-day trading on Monday, hitting $21.29. 14,611 shares of the stock were exchanged, compared to its average volume of 56,299. Mexico Fund, Inc. has a twelve month low of $17.81 and a twelve month high of $23.00. The company has a 50-day simple moving average of $21.67 and a 200 day simple moving average of $21.67.

Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. North Ground Capital purchased a new position in shares of Mexico Fund during the 2nd quarter worth $2,981,931,000. Hudson Portfolio Management LLC purchased a new stake in shares of Mexico Fund in the second quarter valued at $784,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mexico Fund in the second quarter valued at $33,000. Evolve Private Wealth LLC acquired a new position in Mexico Fund in the second quarter valued at $278,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Mexico Fund in the second quarter valued at $875,000.

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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