Saba Capital Management, L.P. Purchases 28,475 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 28,475 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $20.22 per share, for a total transaction of $575,764.50. Following the acquisition, the insider owned 1,675,072 shares of the company’s stock, valued at approximately $33,869,955.84. The trade was a 1.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.91 per share, with a total value of $187,154.00.
  • On Thursday, December 11th, Saba Capital Management, L.P. bought 6,008 shares of Mexico Fund stock. The stock was acquired at an average price of $20.20 per share, for a total transaction of $121,361.60.
  • On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.70 per share, for a total transaction of $19,700.00.
  • On Tuesday, December 9th, Saba Capital Management, L.P. purchased 628 shares of Mexico Fund stock. The shares were acquired at an average price of $19.74 per share, with a total value of $12,396.72.
  • On Monday, December 8th, Saba Capital Management, L.P. purchased 2,403 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.63 per share, with a total value of $47,170.89.
  • On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The shares were bought at an average price of $19.59 per share, for a total transaction of $303,488.28.
  • On Thursday, December 4th, Saba Capital Management, L.P. bought 698 shares of Mexico Fund stock. The stock was bought at an average price of $19.58 per share, with a total value of $13,666.84.
  • On Tuesday, December 2nd, Saba Capital Management, L.P. bought 299 shares of Mexico Fund stock. The shares were bought at an average cost of $19.44 per share, for a total transaction of $5,812.56.
  • On Monday, December 1st, Saba Capital Management, L.P. purchased 10,902 shares of Mexico Fund stock. The shares were bought at an average price of $19.45 per share, for a total transaction of $212,043.90.
  • On Tuesday, November 25th, Saba Capital Management, L.P. purchased 1,869 shares of Mexico Fund stock. The stock was bought at an average cost of $19.10 per share, with a total value of $35,697.90.

Mexico Fund Price Performance

Shares of NYSE MXF traded down $0.19 during mid-day trading on Tuesday, reaching $19.95. 115,404 shares of the company traded hands, compared to its average volume of 55,917. Mexico Fund, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $20.45. The stock has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $18.38.

Mexico Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.0%. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MXF. SFI Advisors LLC raised its position in Mexico Fund by 342.4% in the first quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock worth $1,876,000 after acquiring an additional 102,015 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of Mexico Fund by 34.9% during the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company’s stock valued at $1,050,000 after purchasing an additional 19,109 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after purchasing an additional 305,864 shares during the last quarter. Almitas Capital LLC raised its holdings in shares of Mexico Fund by 8.3% in the 1st quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock worth $4,899,000 after purchasing an additional 26,418 shares in the last quarter. Finally, Uhlmann Price Securities LLC lifted its stake in Mexico Fund by 0.7% during the second quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock valued at $1,783,000 after purchasing an additional 696 shares during the last quarter.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.

See Also

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

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