Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,762 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average price of $21.05 per share, for a total transaction of $79,190.10. Following the acquisition, the insider owned 2,544,332 shares of the company’s stock, valued at $53,558,188.60. This represents a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major 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, November 11th, Saba Capital Management, L.P. acquired 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. acquired 4,365 shares of Mexico Fund stock. The stock was bought at an average price of $21.06 per share, with a total value of $91,926.90.
- On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The stock was bought at an average cost of $20.75 per share, with a total value of $378,687.50.
- On Thursday, November 5th, Saba Capital Management, L.P. bought 24,115 shares of Mexico Fund stock. The shares were bought at an average cost of $20.72 per share, for a total transaction of $499,662.80.
- On Wednesday, November 4th, Saba Capital Management, L.P. bought 15,011 shares of Mexico Fund stock. The shares were bought at an average cost of $20.95 per share, for a total transaction of $314,480.45.
- On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were bought at an average price of $20.54 per share, for a total transaction of $283,534.16.
- On Monday, November 2nd, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The shares were 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 bought at an average cost of $20.25 per share, with a total value of $306,645.75.
- On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The stock was bought at an average price of $20.11 per share, with a total value of $480,649.11.
- On Wednesday, October 28th, Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.13 per share, for a total transaction of $22,565.73.
Mexico Fund Trading Down 0.6%
MXF stock opened at $21.11 on Friday. Mexico Fund, Inc. has a fifty-two week low of $18.62 and a fifty-two week high of $23.00. The business’s 50 day moving average price is $20.68 and its two-hundred day moving average price is $21.42.
Mexico Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.40 annualized dividend and a yield of 6.6%.
Institutional Trading of Mexico Fund
A number of hedge funds and other institutional investors have recently modified their holdings of MXF. Northwestern Mutual Wealth Management Co. purchased a new position in Mexico Fund during the 2nd quarter valued at about $33,000. Susquehanna International Group LLP bought a new stake in Mexico Fund during the second quarter worth about $215,000. Evolve Private Wealth LLC purchased a new stake in Mexico Fund in the second quarter worth about $278,000. Calamos Advisors LLC grew its holdings in Mexico Fund by 6.7% in the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock worth $343,000 after purchasing an additional 1,050 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake 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 valued at $774,000 after purchasing 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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