Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 8,334 Shares

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. acquired 8,334 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $22.00 per share, with a total value of $183,348.00. Following the completion of the acquisition, the insider owned 1,953,637 shares in the company, valued at approximately $42,980,014. This represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, May 14th, Saba Capital Management, L.P. acquired 33,108 shares of Mexico Fund stock. The shares were bought at an average cost of $22.00 per share, with a total value of $728,376.00.
  • On Wednesday, May 13th, Saba Capital Management, L.P. acquired 15,148 shares of Mexico Fund stock. The shares were bought at an average cost of $22.13 per share, with a total value of $335,225.24.
  • On Tuesday, May 12th, Saba Capital Management, L.P. acquired 9,000 shares of Mexico Fund stock. The shares were bought at an average cost of $22.01 per share, with a total value of $198,090.00.
  • On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.82 per share, with a total value of $65,460.00.
  • On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The shares were purchased at an average price of $21.33 per share, with a total value of $4,628.61.
  • On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.83 per share, with a total value of $2,183,000.00.
  • On Tuesday, April 21st, Saba Capital Management, L.P. bought 3,505 shares of Mexico Fund stock. The shares were purchased at an average price of $21.86 per share, with a total value of $76,619.30.
  • On Friday, April 17th, Saba Capital Management, L.P. bought 179 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, with a total value of $3,938.00.
  • On Wednesday, April 8th, Saba Capital Management, L.P. purchased 2,200 shares of Mexico Fund stock. The stock was bought at an average price of $22.17 per share, with a total value of $48,774.00.
  • On Monday, April 6th, Saba Capital Management, L.P. purchased 3,814 shares of Mexico Fund stock. The stock was bought at an average price of $21.23 per share, with a total value of $80,971.22.

Mexico Fund Stock Performance

Shares of MXF opened at $21.66 on Tuesday. The business has a fifty day moving average of $21.26 and a 200 day moving average of $20.87. Mexico Fund, Inc. has a 52-week low of $16.10 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd were given a $0.35 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.5%.

Institutional Trading of Mexico Fund

A number of institutional investors have recently bought and sold shares of the stock. Uhlmann Price Securities LLC lifted its position in Mexico Fund by 1.0% in the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after buying an additional 1,074 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares during the last quarter. Calamos Advisors LLC lifted its position 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 worth $446,000 after buying an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted 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 buying an additional 2,735 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in Mexico Fund in the third quarter worth $265,000.

About Mexico Fund

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Mexico Fund (NYSE:MXF)

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