Saba Capital Management, L.P. Acquires 4,610 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 4,610 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $21.68 per share, for a total transaction of $99,944.80. Following the completion of the purchase, the insider directly owned 1,999,747 shares in the company, valued at $43,354,514.96. This represents a 0.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Tuesday, May 19th, Saba Capital Management, L.P. purchased 22,914 shares of Mexico Fund stock. The stock was bought at an average cost of $21.58 per share, with a total value of $494,484.12.
  • On Monday, May 18th, Saba Capital Management, L.P. acquired 18,586 shares of Mexico Fund stock. The stock was bought at an average price of $21.59 per share, with a total value of $401,271.74.
  • On Friday, May 15th, Saba Capital Management, L.P. acquired 8,334 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $183,348.00.
  • On Thursday, May 14th, Saba Capital Management, L.P. bought 33,108 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, for a total transaction of $728,376.00.
  • On Wednesday, May 13th, Saba Capital Management, L.P. bought 15,148 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.13 per share, with a total value of $335,225.24.
  • On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.01 per share, with a total value of $198,090.00.
  • On Thursday, May 7th, Saba Capital Management, L.P. purchased 3,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.82 per share, for a total transaction of $65,460.00.
  • On Friday, May 1st, Saba Capital Management, L.P. purchased 217 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.33 per share, for a total transaction of $4,628.61.
  • On Wednesday, April 22nd, Saba Capital Management, L.P. purchased 100,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.83 per share, for a total transaction of $2,183,000.00.
  • On Tuesday, April 21st, Saba Capital Management, L.P. acquired 3,505 shares of Mexico Fund stock. The stock was purchased at an average price of $21.86 per share, with a total value of $76,619.30.

Mexico Fund Price Performance

Shares of MXF stock traded down $0.18 during trading hours on Thursday, hitting $21.60. The stock had a trading volume of 12,393 shares, compared to its average volume of 66,751. The stock’s 50 day moving average is $21.29 and its 200 day moving average is $20.90. Mexico Fund, Inc. has a twelve month low of $16.22 and a twelve month high of $23.00.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares during the period. Alpine Global Management LLC acquired a new position in Mexico Fund in the 3rd quarter valued at about $265,000. Calamos Advisors LLC raised its stake in Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter.

About Mexico Fund

(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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