Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 2,000 Shares

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was bought at an average cost of $20.14 per share, for a total transaction of $40,280.00. Following the completion of the acquisition, the insider directly owned 2,424,660 shares in the company, valued at $48,832,652.40. The trade was a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Thursday, November 5th, Saba Capital Management, L.P. acquired 24,115 shares of Mexico Fund stock. The stock was acquired 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. purchased 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. purchased 13,804 shares of Mexico Fund stock. The stock was bought at an average cost of $20.54 per share, for a total transaction of $283,534.16.
  • On Monday, November 2nd, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The stock was bought at an average price of $20.51 per share, for a total transaction of $4,102.00.
  • On Friday, October 30th, Saba Capital Management, L.P. purchased 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 acquired at an average cost of $20.11 per share, for a total transaction of $480,649.11.
  • On Wednesday, October 28th, Saba Capital Management, L.P. bought 1,121 shares of Mexico Fund stock. The shares were acquired at an average price of $20.13 per share, with a total value of $22,565.73.
  • On Wednesday, October 21st, Saba Capital Management, L.P. purchased 16,035 shares of Mexico Fund stock. The stock was bought at an average price of $20.42 per share, for a total transaction of $327,434.70.
  • On Wednesday, October 14th, Saba Capital Management, L.P. purchased 12,791 shares of Mexico Fund stock. The stock was bought at an average cost of $19.88 per share, with a total value of $254,285.08.
  • On Monday, October 5th, Saba Capital Management, L.P. purchased 25,900 shares of Mexico Fund stock. The shares were purchased at an average price of $20.09 per share, for a total transaction of $520,331.00.

Mexico Fund Stock Performance

Mexico Fund stock traded up $0.02 on Tuesday, hitting $21.06. 7,704 shares of the stock traded hands, compared to its average volume of 50,814. Mexico Fund, Inc. has a 1 year low of $18.62 and a 1 year high of $23.00. The business’s fifty day simple moving average is $20.71 and its 200 day simple moving average is $21.42.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%.

Institutional Investors Weigh In On Mexico Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Calamos Advisors LLC raised its stake in shares of Mexico Fund by 6.7% during the 3rd quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock worth $343,000 after acquiring an additional 1,050 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Mexico Fund in the second quarter valued at approximately $33,000. Uhlmann Price Securities LLC grew 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 worth $2,304,000 after purchasing an additional 2,544 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in Mexico Fund by 13.2% in the third 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of 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 worth $774,000 after purchasing an additional 7,774 shares in the last quarter.

Mexico Fund Company Profile

(Get Free Report)

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.

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

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