Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 9,000 Shares

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 9,000 shares of Mexico Fund stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $22.01 per share, with a total value of $198,090.00. Following the completion of the transaction, the insider owned 1,897,047 shares in the company, valued at approximately $41,754,004.47. This trade represents a 0.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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, May 13th, Saba Capital Management, L.P. purchased 15,148 shares of Mexico Fund stock. The shares were bought at an average price of $22.13 per share, with a total value of $335,225.24.
  • On Thursday, May 7th, Saba Capital Management, L.P. purchased 3,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.82 per share, with a total value of $65,460.00.
  • On Friday, May 1st, Saba Capital Management, L.P. purchased 217 shares of Mexico Fund stock. The shares were bought at an average price of $21.33 per share, with a total value of $4,628.61.
  • On Wednesday, April 22nd, Saba Capital Management, L.P. acquired 100,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.83 per share, with a total value of $2,183,000.00.
  • On Tuesday, April 21st, Saba Capital Management, L.P. acquired 3,505 shares of Mexico Fund stock. The shares were bought at an average price of $21.86 per share, with a total value of $76,619.30.
  • On Friday, April 17th, Saba Capital Management, L.P. acquired 179 shares of Mexico Fund stock. The shares were bought at an average price of $22.00 per share, with a total value of $3,938.00.
  • On Wednesday, April 8th, Saba Capital Management, L.P. acquired 2,200 shares of Mexico Fund stock. The shares were bought at an average price of $22.17 per share, with a total value of $48,774.00.
  • On Monday, April 6th, Saba Capital Management, L.P. acquired 3,814 shares of Mexico Fund stock. The shares were bought at an average price of $21.23 per share, with a total value of $80,971.22.
  • On Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The shares were bought at an average price of $21.28 per share, with a total value of $229,824.00.
  • On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The shares were bought at an average price of $19.83 per share, with a total value of $56,931.93.

Mexico Fund Stock Performance

Shares of Mexico Fund stock opened at $22.01 on Friday. Mexico Fund, Inc. has a 1 year low of $15.98 and a 1 year high of $23.00. The business has a 50 day moving average price of $21.25 and a 200 day moving average price of $20.83.

Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were issued a $0.35 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 6.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares during the last quarter. Alpine Global Management LLC acquired a new position in Mexico Fund in the 3rd quarter valued at $265,000. Calamos Advisors LLC raised its holdings in Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter.

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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