Mexico Fund (NYSE:MXF) Major Shareholder Purchases $35,697.90 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 1,869 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were bought at an average price of $19.10 per share, with a total value of $35,697.90. Following the purchase, the insider owned 1,599,767 shares in the company, valued at $30,555,549.70. The trade was a 0.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, November 21st, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The stock was bought at an average price of $18.76 per share, for a total transaction of $3,752.00.
• On Tuesday, November 18th, Saba Capital Management, L.P. purchased 47,273 shares of Mexico Fund stock. The stock was bought at an average cost of $19.15 per share, for a total transaction of $905,277.95.
• On Monday, November 17th, Saba Capital Management, L.P. acquired 13,451 shares of Mexico Fund stock. The shares were bought at an average price of $18.94 per share, with a total value of $254,761.94.
• On Thursday, October 23rd, Saba Capital Management, L.P. acquired 506 shares of Mexico Fund stock. The shares were purchased at an average price of $18.64 per share, with a total value of $9,431.84.

Mexico Fund Price Performance

Shares of Mexico Fund stock traded up $0.14 on Wednesday, hitting $19.25. The stock had a trading volume of 9,380 shares, compared to its average volume of 55,767. Mexico Fund, Inc. has a twelve month low of $12.99 and a twelve month high of $19.86. The business’s 50 day moving average is $19.12 and its two-hundred day moving average is $18.06.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 22nd were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 5.2%.

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors have recently modified their holdings of MXF. Uhlmann Price Securities LLC grew its stake in shares of Mexico Fund by 0.7% in 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 acquiring an additional 696 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. Calamos Advisors LLC grew its position in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock worth $280,000 after purchasing an additional 2,535 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Mexico Fund during the first quarter worth approximately $46,000. Finally, Quantedge Capital Pte Ltd raised its position in shares of Mexico Fund by 3.7% in the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock valued at $2,286,000 after buying an additional 4,650 shares in the last quarter.

Mexico Fund Company Profile

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.