Saba Capital Management, L.P. Purchases 3,000 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $21.82 per share, for a total transaction of $65,460.00. Following the transaction, the insider directly owned 1,888,047 shares of the company’s stock, valued at approximately $41,197,185.54. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The stock was acquired at an average price of $21.33 per share, for a total transaction of $4,628.61.
  • On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.83 per share, for a total transaction of $2,183,000.00.
  • On Tuesday, April 21st, Saba Capital Management, L.P. bought 3,505 shares of Mexico Fund stock. The stock was acquired at an average price of $21.86 per share, for a total transaction of $76,619.30.
  • On Friday, April 17th, Saba Capital Management, L.P. bought 179 shares of Mexico Fund stock. The stock was acquired at an average price of $22.00 per share, for a total transaction of $3,938.00.
  • On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The stock was acquired at an average price of $22.17 per share, for a total transaction of $48,774.00.
  • On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The stock was acquired at an average price of $21.23 per share, for a total transaction of $80,971.22.
  • On Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.28 per share, with a total value of $229,824.00.
  • On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.83 per share, with a total value of $56,931.93.
  • On Wednesday, March 18th, Saba Capital Management, L.P. acquired 5,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.38 per share, with a total value of $101,900.00.
  • On Friday, March 13th, Saba Capital Management, L.P. acquired 2,600 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.21 per share, with a total value of $52,546.00.

Mexico Fund Stock Down 0.3%

Shares of NYSE MXF opened at $21.94 on Wednesday. Mexico Fund, Inc. has a twelve month low of $15.70 and a twelve month high of $23.00. The stock has a fifty day simple moving average of $21.24 and a 200-day simple moving average of $20.79.

Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after buying an additional 27,983 shares in the last quarter. Calamos Advisors LLC grew its stake in Mexico Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after purchasing an additional 2,535 shares in the last quarter. Altium Capital Management LLC grew its stake in Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares in the last quarter. Uhlmann Price Securities LLC grew its stake in Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after purchasing an additional 2,013 shares in the last quarter. Finally, Alpine Global Management LLC grew its stake in Mexico Fund by 356.7% during the 4th quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock worth $1,237,000 after purchasing an additional 47,979 shares in the last quarter.

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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