Mexico Fund (NYSE:MXF) Major Shareholder Purchases $47,170.89 in Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 2,403 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were purchased at an average cost of $19.63 per share, with a total value of $47,170.89. Following the purchase, the insider directly owned 1,629,561 shares of the company’s stock, valued at approximately $31,988,282.43. This represents a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, December 5th, Saba Capital Management, L.P. purchased 15,492 shares of Mexico Fund stock. The stock was acquired at an average price of $19.59 per share, for a total transaction of $303,488.28.
  • On Thursday, December 4th, Saba Capital Management, L.P. purchased 698 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.58 per share, with a total value of $13,666.84.
  • On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 299 shares of Mexico Fund stock. The shares were acquired at an average price of $19.44 per share, with a total value of $5,812.56.
  • On Monday, December 1st, Saba Capital Management, L.P. acquired 10,902 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.45 per share, for a total transaction of $212,043.90.
  • On Tuesday, November 25th, Saba Capital Management, L.P. bought 1,869 shares of Mexico Fund stock. The stock was acquired at an average price of $19.10 per share, for a total transaction of $35,697.90.
  • On Friday, November 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The shares were acquired at an average cost of $18.76 per share, with a total value of $3,752.00.
  • On Tuesday, November 18th, Saba Capital Management, L.P. bought 47,273 shares of Mexico Fund stock. The shares were acquired at an average price of $19.15 per share, with a total value of $905,277.95.
  • On Monday, November 17th, Saba Capital Management, L.P. purchased 13,451 shares of Mexico Fund stock. The stock was bought at an average cost of $18.94 per share, for a total transaction of $254,761.94.
  • On Thursday, October 23rd, Saba Capital Management, L.P. acquired 506 shares of Mexico Fund stock. The shares were bought at an average price of $18.64 per share, with a total value of $9,431.84.

Mexico Fund Stock Performance

Shares of MXF traded up $0.11 during trading hours on Tuesday, hitting $19.74. 1,482 shares of the company were exchanged, compared to its average volume of 54,779. The firm has a fifty day simple moving average of $19.15 and a 200-day simple moving average of $18.26. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $19.86.

Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.1%.

Institutional Trading of Mexico Fund

A number of hedge funds have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC increased its position in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,200 shares in the last quarter. Scotia Capital Inc. acquired a new position in Mexico Fund in the 2nd quarter worth approximately $196,000. Alpine Global Management LLC acquired a new position in Mexico Fund in the 3rd quarter worth approximately $265,000. Calamos Advisors LLC grew its position in 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. Finally, North Ground Capital acquired a new stake in Mexico Fund during the 3rd quarter valued at $608,000.

About Mexico Fund

(Get Free Report)

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.

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

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