Mexico Fund (NYSE:MXF) Major Shareholder Acquires $31,051.02 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 1,573 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were purchased at an average price of $19.74 per share, with a total value of $31,051.02. Following the completion of the purchase, the insider owned 2,367,934 shares in the company, valued at $46,743,017.16. This represents a 0.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, October 5th, Saba Capital Management, L.P. purchased 25,900 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.09 per share, for a total transaction of $520,331.00.
  • On Thursday, October 1st, Saba Capital Management, L.P. purchased 17,921 shares of Mexico Fund stock. The shares were purchased at an average price of $20.00 per share, with a total value of $358,420.00.
  • On Wednesday, September 30th, Saba Capital Management, L.P. acquired 1,238 shares of Mexico Fund stock. The stock was purchased at an average price of $20.39 per share, for a total transaction of $25,242.82.
  • On Monday, September 28th, Saba Capital Management, L.P. bought 4,133 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.74 per share, for a total transaction of $85,718.42.
  • On Friday, September 25th, Saba Capital Management, L.P. bought 834 shares of Mexico Fund stock. The stock was acquired at an average price of $20.74 per share, with a total value of $17,297.16.
  • On Thursday, September 24th, Saba Capital Management, L.P. purchased 1,049 shares of Mexico Fund stock. The stock was acquired 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 acquired at an average cost of $21.02 per share, with a total value of $598,313.28.
  • On Tuesday, September 22nd, Saba Capital Management, L.P. acquired 110 shares of Mexico Fund stock. The stock was acquired 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 shares were bought at an average price of $21.03 per share, for a total transaction of $42,775.02.
  • On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The stock was bought at an average price of $20.63 per share, with a total value of $132,093.89.

Mexico Fund Stock Performance

MXF stock opened at $20.19 on Thursday. Mexico Fund, Inc. has a 1 year low of $18.30 and a 1 year high of $23.00. The business has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.50.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be paid 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 6.9%.

Institutional Trading of Mexico Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Mexico Fund during the 2nd quarter worth approximately $33,000. Susquehanna International Group LLP purchased a new position in Mexico Fund in the 2nd quarter valued at approximately $215,000. Evolve Private Wealth LLC purchased a new position in Mexico Fund in the 2nd quarter valued at approximately $278,000. Calamos Advisors LLC grew its stake in shares of 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 acquiring an additional 2,535 shares in the last quarter. Finally, Hudson Portfolio Management LLC acquired a new position in shares of Mexico Fund in the second quarter worth $784,000.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc (NYSE: MXF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in securities of Mexican companies. The fund primarily invests in publicly traded equities, although it may also hold other investments that provide exposure to Mexico’s economy and financial markets.

MXF offers investors a vehicle for gaining diversified exposure to Mexico across multiple industries and sectors. Its portfolio may include companies that operate in areas such as consumer goods, financial services, telecommunications, industrials, materials, and other segments of the Mexican economy.

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

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