Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 2,608 Shares

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 2,608 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was acquired at an average cost of $21.56 per share, for a total transaction of $56,228.48. Following the purchase, the insider owned 2,288,151 shares in the company, valued at approximately $49,332,535.56. This trade represents a 0.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, July 22nd, Saba Capital Management, L.P. purchased 7,623 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.80 per share, with a total value of $166,181.40.
  • On Thursday, July 23rd, Saba Capital Management, L.P. purchased 414 shares of Mexico Fund stock. The stock was bought at an average price of $21.11 per share, with a total value of $8,739.54.
  • On Tuesday, July 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $4,304.00.
  • On Monday, July 20th, Saba Capital Management, L.P. bought 7,631 shares of Mexico Fund stock. The stock was bought at an average cost of $21.49 per share, with a total value of $163,990.19.
  • On Wednesday, July 8th, Saba Capital Management, L.P. bought 522 shares of Mexico Fund stock. The shares were bought at an average price of $21.26 per share, for a total transaction of $11,097.72.
  • On Tuesday, July 7th, Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock. The shares were bought at an average cost of $21.73 per share, for a total transaction of $39,722.44.
  • On Wednesday, June 24th, Saba Capital Management, L.P. purchased 5,100 shares of Mexico Fund stock. The stock was bought at an average price of $21.31 per share, with a total value of $108,681.00.
  • On Tuesday, June 23rd, Saba Capital Management, L.P. acquired 15,051 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.52 per share, with a total value of $323,897.52.
  • On Thursday, June 18th, Saba Capital Management, L.P. acquired 1,261 shares of Mexico Fund stock. The shares were purchased at an average price of $22.19 per share, for a total transaction of $27,981.59.
  • On Wednesday, June 17th, Saba Capital Management, L.P. bought 4,037 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.23 per share, for a total transaction of $89,742.51.

Mexico Fund Price Performance

Shares of MXF stock traded down $0.18 on Wednesday, hitting $21.28. The stock had a trading volume of 53,265 shares, compared to its average volume of 58,295. The stock’s 50 day moving average is $21.74 and its 200-day moving average is $21.61. Mexico Fund, Inc. has a 52-week low of $17.41 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd will be issued a $0.35 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%.

Institutional Trading of Mexico Fund

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,735 shares during the last quarter. Calamos Advisors LLC grew its stake in Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after purchasing an additional 4,563 shares in the last quarter. Scotia Capital Inc. increased its holdings in Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 shares during the last quarter. Finally, Altium Capital Management LLC acquired a new position in shares of Mexico Fund in the 4th quarter valued at approximately $972,000.

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.

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

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