Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 10,800 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $21.28 per share, with a total value of $229,824.00. Following the completion of the purchase, the insider directly owned 1,775,132 shares of the company’s stock, valued at approximately $37,774,808.96. The trade was a 0.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, March 20th, Saba Capital Management, L.P. purchased 2,871 shares of Mexico Fund stock. The shares were acquired at an average price of $19.83 per share, for a total transaction of $56,931.93.
  • On Wednesday, March 18th, Saba Capital Management, L.P. purchased 5,000 shares of Mexico Fund stock. The shares were acquired at an average price of $20.38 per share, for a total transaction of $101,900.00.
  • On Friday, March 13th, Saba Capital Management, L.P. acquired 2,600 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.21 per share, with a total value of $52,546.00.
  • On Thursday, March 12th, Saba Capital Management, L.P. acquired 456 shares of Mexico Fund stock. The stock was acquired at an average price of $20.35 per share, with a total value of $9,279.60.
  • On Tuesday, March 10th, Saba Capital Management, L.P. bought 1,005 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.94 per share, for a total transaction of $21,044.70.
  • On Thursday, March 5th, Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, for a total transaction of $95,603.20.
  • On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The shares were bought at an average price of $22.69 per share, for a total transaction of $728,938.94.
  • On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The stock was bought at an average cost of $21.97 per share, with a total value of $68,436.55.
  • On Monday, January 26th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.50 per share, with a total value of $21,500.00.
  • On Wednesday, January 21st, Saba Capital Management, L.P. acquired 550 shares of Mexico Fund stock. The shares were bought at an average cost of $21.29 per share, for a total transaction of $11,709.50.

Mexico Fund Price Performance

Shares of NYSE MXF opened at $21.28 on Friday. The business’s 50-day simple moving average is $21.54 and its 200-day simple moving average is $20.31. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $23.00.

Mexico Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.6%. The ex-dividend date is Wednesday, April 22nd.

Institutional Trading of Mexico Fund

A number of institutional investors and hedge funds have recently modified their holdings of MXF. Farther Finance Advisors LLC boosted its holdings in shares of Mexico Fund by 775.3% during the 4th 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 period. Blue Bell Private Wealth Management LLC lifted its position in Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,200 shares during the last quarter. Scotia Capital Inc. acquired a new position in Mexico Fund during the 2nd quarter worth $196,000. Alpine Global Management LLC bought a new stake in Mexico Fund during the third quarter valued at about $265,000. Finally, Calamos Advisors LLC boosted its holdings in Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the period.

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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