Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Acquires $254,285.08 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 12,791 shares of Mexico Fund stock in a transaction dated Wednesday, October 14th. The stock was purchased at an average cost of $19.88 per share, for a total transaction of $254,285.08. Following the completion of the acquisition, the insider directly owned 2,406,625 shares of the company’s stock, valued at approximately $47,843,705. The trade was a 0.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, November 11th, Saba Capital Management, L.P. bought 31,698 shares of Mexico Fund stock. The stock was purchased at an average price of $21.33 per share, for a total transaction of $676,118.34.
  • On Tuesday, November 10th, Saba Capital Management, L.P. bought 3,762 shares of Mexico Fund stock. The stock was purchased at an average price of $21.05 per share, for a total transaction of $79,190.10.
  • On Monday, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The shares were purchased 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. purchased 18,250 shares of Mexico Fund stock. The shares were purchased 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. purchased 24,115 shares of Mexico Fund stock. The shares were purchased at an average price of $20.72 per share, with a total value of $499,662.80.
  • On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The shares were purchased at an average price 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 cost of $20.54 per share, for a total transaction 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, for a total transaction of $4,102.00.
  • On Friday, October 30th, Saba Capital Management, L.P. acquired 15,143 shares of Mexico Fund stock. The shares were purchased 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. acquired 23,901 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.11 per share, for a total transaction of $480,649.11.

Mexico Fund Trading Down 0.6%

NYSE MXF opened at $21.11 on Friday. Mexico Fund, Inc. has a one year low of $18.62 and a one year high of $23.00. The stock has a 50 day moving average price of $20.68 and a 200-day moving average price of $21.42.

Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.6%. The ex-dividend date was Wednesday, October 21st.

Institutional Investors Weigh In On Mexico Fund

A number of hedge funds have recently bought and sold shares of MXF. Beverly Hills Private Wealth LLC lifted its position in Mexico Fund by 13.2% during the third quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock valued at $847,000 after purchasing an additional 4,855 shares during the last quarter. Uhlmann Price Securities LLC grew its stake in shares of Mexico Fund by 2.3% in the 3rd quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after buying an additional 2,544 shares in the last quarter. 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 worth $343,000 after buying an additional 1,050 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings 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 worth $65,870,000 after buying an additional 19,166 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings 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 worth $774,000 after buying an additional 7,774 shares during the last quarter.

About Mexico Fund

(Get Free Report)

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

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