Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 2,034 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. acquired 2,034 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $21.03 per share, with a total value of $42,775.02. Following the completion of the acquisition, the insider directly owned 2,312,612 shares of the company’s stock, valued at $48,634,230.36. This trade represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The stock was bought at an average price of $20.63 per share, for a total transaction of $132,093.89.
  • On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The stock was bought at an average cost of $20.89 per share, with a total value of $9,588.51.
  • On Thursday, August 13th, Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock. The shares were bought at an average price of $21.41 per share, with a total value of $63,202.32.
  • On Tuesday, August 4th, Saba Capital Management, L.P. bought 9,362 shares of Mexico Fund stock. The stock was bought at an average price of $22.19 per share, for a total transaction of $207,742.78.
  • On Wednesday, July 29th, Saba Capital Management, L.P. purchased 3,077 shares of Mexico Fund stock. The shares were purchased at an average price of $21.34 per share, with a total value of $65,663.18.
  • On Tuesday, July 28th, Saba Capital Management, L.P. purchased 2,608 shares of Mexico Fund stock. The stock was purchased at an average price of $21.56 per share, for a total transaction of $56,228.48.
  • On Wednesday, July 22nd, Saba Capital Management, L.P. acquired 7,623 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.80 per share, for a total transaction of $166,181.40.
  • On Thursday, July 23rd, Saba Capital Management, L.P. acquired 414 shares of Mexico Fund stock. The shares were purchased at an average price of $21.11 per share, with a total value of $8,739.54.
  • On Tuesday, July 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.52 per share, with a total value of $4,304.00.
  • On Monday, July 20th, Saba Capital Management, L.P. bought 7,631 shares of Mexico Fund stock. The stock was purchased at an average price of $21.49 per share, for a total transaction of $163,990.19.

Mexico Fund Trading Up 0.7%

Shares of Mexico Fund stock opened at $21.06 on Wednesday. The business has a 50-day moving average price of $21.56 and a two-hundred day moving average price of $21.52. Mexico Fund, Inc. has a 1-year low of $18.30 and a 1-year high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Wednesday, October 21st.

Hedge Funds Weigh In On Mexico Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new stake in shares of Mexico Fund in the 2nd quarter valued at $215,000. Public Employees Retirement System of Ohio bought a new position in Mexico Fund during the second quarter worth $2,266,000. Almitas Capital LLC bought a new position in Mexico Fund during the second quarter worth $3,736,000. North Ground Capital acquired a new stake in Mexico Fund in the second quarter worth $2,981,931. Finally, Hudson Portfolio Management LLC acquired a new stake in Mexico Fund in the second quarter worth $784,000.

About Mexico Fund

(Get Free Report)

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.

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