Saba Capital Management, L.P. Acquires 3,600 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 3,600 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $21.14 per share, for a total transaction of $76,104.00. Following the completion of the purchase, the insider owned 2,188,987 shares in the company, valued at $46,275,185.18. The trade was a 0.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large 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 Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.39 per share, for a total transaction of $237,022.59.
  • On Friday, June 5th, Saba Capital Management, L.P. purchased 19,906 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.64 per share, for a total transaction of $430,765.84.
  • On Thursday, June 4th, Saba Capital Management, L.P. purchased 32,102 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $693,724.22.
  • On Wednesday, June 3rd, Saba Capital Management, L.P. purchased 31,949 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.16 per share, for a total transaction of $707,989.84.
  • On Tuesday, June 2nd, Saba Capital Management, L.P. purchased 9,633 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.24 per share, for a total transaction of $214,237.92.
  • On Monday, June 1st, Saba Capital Management, L.P. bought 708 shares of Mexico Fund stock. The shares were bought at an average price of $21.90 per share, for a total transaction of $15,505.20.
  • On Friday, May 29th, Saba Capital Management, L.P. bought 18,466 shares of Mexico Fund stock. The shares were bought at an average price of $22.17 per share, for a total transaction of $409,391.22.
  • On Thursday, May 28th, Saba Capital Management, L.P. bought 6,700 shares of Mexico Fund stock. The shares were bought at an average price of $22.16 per share, for a total transaction of $148,472.00.
  • On Wednesday, May 27th, Saba Capital Management, L.P. bought 44,608 shares of Mexico Fund stock. The shares were bought at an average price of $22.27 per share, for a total transaction of $993,420.16.
  • On Tuesday, May 26th, Saba Capital Management, L.P. bought 14,402 shares of Mexico Fund stock. The shares were bought at an average price of $21.99 per share, for a total transaction of $316,699.98.

Mexico Fund Trading Up 2.2%

Shares of NYSE:MXF opened at $22.28 on Friday. Mexico Fund, Inc. has a one year low of $16.43 and a one year high of $23.00. The business’s 50-day simple moving average is $21.75 and its 200 day simple moving average is $21.20.

Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, July 22nd.

Institutional Investors Weigh In On Mexico Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Mexico Fund in the 3rd quarter valued at approximately $265,000. Calamos Advisors LLC increased its holdings in shares of Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. increased its holdings 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.

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.

See Also

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

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