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 shares were bought at an average price of $20.14 per share, for a total transaction of $40,280.00. Following the completion of the purchase, the insider directly owned 2,424,660 shares in the company, valued at $48,832,652.40. This represents a 0.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Monday, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The stock was bought at an average cost of $21.06 per share, with a total value of $91,926.90.
- On Friday, November 6th, Saba Capital Management, L.P. acquired 18,250 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.75 per share, for a total transaction of $378,687.50.
- On Thursday, November 5th, Saba Capital Management, L.P. bought 24,115 shares of Mexico Fund stock. The shares were purchased at an average price 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 stock was purchased at an average cost 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 stock was 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. acquired 200 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.51 per share, with a total value of $4,102.00.
- On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The stock was acquired 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. purchased 1,121 shares of Mexico Fund stock. The stock was 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 shares were acquired at an average price of $20.42 per share, with a total value of $327,434.70.
Mexico Fund Trading Up 0.1%
Shares of NYSE:MXF opened at $21.06 on Wednesday. Mexico Fund, Inc. has a 1-year low of $18.62 and a 1-year high of $23.00. The firm has a fifty day moving average price of $20.69 and a 200 day moving average price of $21.42.
Mexico Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, October 21st.
Trending Headlines about Mexico Fund
Here are the key news stories impacting Mexico Fund this week:
- Positive Sentiment: Saba Capital Management, L.P. reported a series of 12 purchases from October 14 through November 9, adding 133,945 MXF shares and bringing its disclosed holdings to 2,540,570 shares. The sustained accumulation may indicate confidence in the fund. SEC filing for latest purchases SEC filing for earlier purchases
Hedge Funds Weigh In On Mexico Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in MXF. Beverly Hills Private Wealth LLC raised its stake 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 valued at $847,000 after acquiring an additional 4,855 shares during the last quarter. Uhlmann Price Securities LLC lifted its position in Mexico Fund by 2.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after acquiring an additional 2,544 shares during the period. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 6.7% in the 3rd quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 1,050 shares during the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of Mexico Fund by 0.6% in the 3rd 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 purchasing an additional 19,166 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Mexico Fund by 25.8% in the 3rd 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 during the last quarter.
Mexico Fund Company Profile
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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