Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,762 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average cost of $21.05 per share, with a total value of $79,190.10. Following the transaction, the insider directly owned 2,544,332 shares of the company’s stock, valued at $53,558,188.60. The trade was a 0.15% increase in their position. The purchase 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 stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, November 11th, Saba Capital Management, L.P. purchased 31,698 shares of Mexico Fund stock. The shares were bought at an average cost of $21.33 per share, for a total transaction of $676,118.34.
- On Monday, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The stock was bought at an average price of $21.06 per share, for a total transaction of $91,926.90.
- On Friday, November 6th, Saba Capital Management, L.P. purchased 18,250 shares of Mexico Fund stock. The stock was bought at an average price of $20.75 per share, for a total transaction of $378,687.50.
- On Thursday, November 5th, Saba Capital Management, L.P. acquired 24,115 shares of Mexico Fund stock. The shares were bought at an average cost of $20.72 per share, with a total value of $499,662.80.
- On Wednesday, November 4th, Saba Capital Management, L.P. acquired 15,011 shares of Mexico Fund stock. The shares were purchased at an average price of $20.95 per share, with a total value of $314,480.45.
- On Tuesday, November 3rd, Saba Capital Management, L.P. acquired 13,804 shares of Mexico Fund stock. The shares were purchased at an average price of $20.54 per share, with a total value of $283,534.16.
- On Monday, November 2nd, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.51 per share, for a total transaction of $4,102.00.
- On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.25 per share, for a total transaction of $306,645.75.
- On Thursday, October 29th, Saba Capital Management, L.P. bought 23,901 shares of Mexico Fund stock. The stock was purchased at an average price of $20.11 per share, for a total transaction of $480,649.11.
- On Wednesday, October 28th, Saba Capital Management, L.P. purchased 1,121 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.13 per share, with a total value of $22,565.73.
Mexico Fund Price Performance
MXF stock traded down $0.12 during trading on Thursday, reaching $21.11. 17,722 shares of the stock traded hands, compared to its average volume of 50,699. The business’s 50 day moving average price is $20.69 and its 200-day moving average price is $21.42. Mexico Fund, Inc. has a 52-week low of $18.62 and a 52-week high of $23.00.
Mexico Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, October 21st.
Institutional Trading of Mexico Fund
A number of institutional investors have recently modified their holdings of MXF. Beverly Hills Private Wealth LLC increased its position in Mexico Fund by 13.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after purchasing an additional 4,855 shares in the last quarter. Uhlmann Price Securities LLC raised its holdings in Mexico Fund by 2.3% in the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock valued at $2,304,000 after buying an additional 2,544 shares during the period. Calamos Advisors LLC lifted its position in Mexico Fund by 6.7% during the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after buying an additional 1,050 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in Mexico Fund by 0.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock valued at $65,870,000 after buying an additional 19,166 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in Mexico Fund by 25.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after buying an additional 7,774 shares in the last quarter.
Mexico Fund Company Profile
The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.
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