Mexico Fund (NYSE:MXF) Major Shareholder Acquires $65,663.18 in Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. acquired 3,077 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were acquired at an average price of $21.34 per share, with a total value of $65,663.18. Following the completion of the purchase, the insider owned 2,291,228 shares in the company, valued at approximately $48,894,805.52. This trade represents a 0.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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 Tuesday, July 28th, Saba Capital Management, L.P. acquired 2,608 shares of Mexico Fund stock. The stock was acquired 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. bought 7,623 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.80 per share, with a total value of $166,181.40.
  • On Thursday, July 23rd, Saba Capital Management, L.P. bought 414 shares of Mexico Fund stock. The shares were acquired at an average cost 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 acquired at an average price of $21.52 per share, with a total value of $4,304.00.
  • On Monday, July 20th, Saba Capital Management, L.P. purchased 7,631 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.49 per share, for a total transaction of $163,990.19.
  • On Wednesday, July 8th, Saba Capital Management, L.P. purchased 522 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.26 per share, for a total transaction of $11,097.72.
  • On Tuesday, July 7th, Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock. The shares were bought at an average cost of $21.73 per share, for a total transaction of $39,722.44.
  • On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The shares were bought at an average price of $21.31 per share, with a total value of $108,681.00.
  • On Tuesday, June 23rd, Saba Capital Management, L.P. acquired 15,051 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, with a total value of $323,897.52.
  • On Thursday, June 18th, Saba Capital Management, L.P. acquired 1,261 shares of Mexico Fund stock. The stock was bought at an average cost of $22.19 per share, with a total value of $27,981.59.

Mexico Fund Stock Performance

Shares of MXF opened at $21.80 on Monday. Mexico Fund, Inc. has a 52 week low of $17.41 and a 52 week high of $23.00. The stock’s 50-day moving average price is $21.74 and its 200-day moving average price is $21.63.

Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 22nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, July 22nd.

Institutional Investors Weigh In On Mexico Fund

Hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. increased its holdings in shares of Mexico Fund by 4.3% during the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Mexico Fund by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock worth $20,548,000 after buying an additional 27,983 shares in the last quarter. Calamos Advisors LLC grew its position in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after buying an additional 2,535 shares during the period. Altium Capital Management LLC grew its position in Mexico Fund by 165.5% during the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after buying an additional 79,898 shares during the period. Finally, Uhlmann Price Securities LLC grew its position in Mexico Fund by 1.9% during the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after buying an additional 2,013 shares during the period.

Mexico Fund Company Profile

(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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