Mexico Fund (NYSE:MXF) Major Shareholder Purchases $85,718.42 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 4,133 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were bought at an average price of $20.74 per share, for a total transaction of $85,718.42. Following the completion of the transaction, the insider directly owned 2,347,202 shares of the company’s stock, valued at $48,680,969.48. This represents a 0.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, September 30th, Saba Capital Management, L.P. purchased 1,238 shares of Mexico Fund stock. The stock was bought at an average price of $20.39 per share, with a total value of $25,242.82.
  • On Friday, September 25th, Saba Capital Management, L.P. acquired 834 shares of Mexico Fund stock. The stock was bought at an average cost of $20.74 per share, for a total transaction of $17,297.16.
  • On Thursday, September 24th, Saba Capital Management, L.P. acquired 1,049 shares of Mexico Fund stock. The shares were bought at an average cost of $20.69 per share, for a total transaction of $21,703.81.
  • On Wednesday, September 23rd, Saba Capital Management, L.P. acquired 28,464 shares of Mexico Fund stock. The shares were bought at an average cost of $21.02 per share, for a total transaction of $598,313.28.
  • On Tuesday, September 22nd, Saba Capital Management, L.P. acquired 110 shares of Mexico Fund stock. The shares were bought at an average price of $20.90 per share, with a total value of $2,299.00.
  • On Monday, September 21st, Saba Capital Management, L.P. bought 2,034 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.03 per share, with a total value of $42,775.02.
  • On Wednesday, September 16th, Saba Capital Management, L.P. bought 6,403 shares of Mexico Fund stock. The shares were purchased at an average price of $20.63 per share, for a total transaction of $132,093.89.
  • On Tuesday, September 15th, Saba Capital Management, L.P. bought 459 shares of Mexico Fund stock. The shares were purchased at an average price of $20.89 per share, for a total transaction of $9,588.51.
  • On Thursday, August 13th, Saba Capital Management, L.P. purchased 2,952 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.41 per share, for a total transaction of $63,202.32.
  • On Tuesday, August 4th, Saba Capital Management, L.P. purchased 9,362 shares of Mexico Fund stock. The stock was purchased at an average price of $22.19 per share, with a total value of $207,742.78.

Mexico Fund Stock Performance

Shares of MXF stock opened at $19.89 on Friday. Mexico Fund, Inc. has a one year low of $18.30 and a one year high of $23.00. The company’s fifty day moving average price is $21.41 and its 200-day moving average price is $21.51.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a yield of 7.0%.

Hedge Funds Weigh In On Mexico Fund

A number of hedge funds have recently made changes to their positions in MXF. Susquehanna International Group LLP purchased a new stake in shares of Mexico Fund during the second quarter worth about $215,000. Public Employees Retirement System of Ohio purchased a new position in Mexico Fund in the 2nd quarter worth approximately $2,266,000. Almitas Capital LLC purchased a new position in Mexico Fund in the 2nd quarter worth approximately $3,736,000. North Ground Capital bought a new position in Mexico Fund in the 2nd quarter worth approximately $2,981,931. Finally, Hudson Portfolio Management LLC bought a new position in Mexico Fund in the 2nd quarter worth approximately $784,000.

Mexico Fund Company Profile

(Get Free Report)

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.

See Also

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

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