Mexico Fund (NYSE:MXF) Major Shareholder Acquires $65,460.00 in Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $21.82 per share, with a total value of $65,460.00. Following the completion of the transaction, the insider owned 1,888,047 shares of the company’s stock, valued at $41,197,185.54. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The shares were acquired 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 acquired 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 acquired 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 acquired 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. bought 2,200 shares of Mexico Fund stock. The shares were acquired 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. bought 3,814 shares of Mexico Fund stock. The shares were acquired at an average price of $21.23 per share, with a total value of $80,971.22.
  • On Thursday, April 2nd, Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock. The shares were acquired at an average price of $21.28 per share, with a total value of $229,824.00.
  • On Friday, March 20th, Saba Capital Management, L.P. bought 2,871 shares of Mexico Fund stock. The shares were acquired at an average price of $19.83 per share, with a total value of $56,931.93.
  • On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The shares were acquired at an average price of $20.38 per share, with a total value of $101,900.00.
  • On Friday, March 13th, Saba Capital Management, L.P. purchased 2,600 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.21 per share, with a total value of $52,546.00.

Mexico Fund Trading Up 0.5%

MXF stock traded up $0.11 during mid-day trading on Monday, hitting $22.04. 32,404 shares of the stock were exchanged, compared to its average volume of 66,967. The business has a fifty day moving average price of $21.29 and a 200 day moving average price of $20.72. Mexico Fund, Inc. has a 12 month low of $15.65 and a 12 month high of $23.00.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 6.4%.

Institutional Investors Weigh In On Mexico Fund

Several hedge funds have recently added to or reduced their stakes in the company. North Ground Capital bought a new stake in shares of Mexico Fund in the 3rd quarter valued at about $608,000. Uhlmann Price Securities LLC lifted 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. Scotia Capital Inc. lifted its stake in shares of Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Mexico Fund by 21.7% in the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after acquiring an additional 17,747 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Mexico Fund in the 3rd quarter valued at about $265,000.

Mexico Fund Company Profile

(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.

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

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