Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 1,121 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average price of $20.13 per share, with a total value of $22,565.73. Following the completion of the purchase, the insider owned 2,425,781 shares of the company’s stock, valued at approximately $48,830,971.53. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Monday, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.06 per share, with a total value of $91,926.90.
  • On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The stock was purchased at an average price of $20.75 per share, for a total transaction of $378,687.50.
  • On Thursday, November 5th, Saba Capital Management, L.P. purchased 24,115 shares of Mexico Fund stock. The stock was acquired at an average price of $20.72 per share, for a total transaction of $499,662.80.
  • On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The stock was acquired at an average price of $20.95 per share, for a total transaction of $314,480.45.
  • On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.54 per share, with a total value of $283,534.16.
  • On Monday, November 2nd, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.51 per share, with a total value of $4,102.00.
  • On Friday, October 30th, Saba Capital Management, L.P. acquired 15,143 shares of Mexico Fund stock. The shares were acquired at an average price of $20.25 per share, with a total value of $306,645.75.
  • On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The shares were acquired at an average price of $20.11 per share, with a total value of $480,649.11.
  • On Thursday, October 22nd, Saba Capital Management, L.P. acquired 2,000 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.14 per share, for a total transaction of $40,280.00.
  • On Wednesday, October 21st, Saba Capital Management, L.P. acquired 16,035 shares of Mexico Fund stock. The stock was acquired at an average price of $20.42 per share, for a total transaction of $327,434.70.

Mexico Fund Trading Up 0.1%

NYSE:MXF opened at $21.06 on Wednesday. The company’s fifty day moving average price is $20.69 and its 200-day moving average price is $21.42. Mexico Fund, Inc. has a 1-year low of $18.62 and a 1-year high of $23.00.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Wednesday, October 21st.

Key Stories Impacting Mexico Fund

Here are the key news stories impacting Mexico Fund this week:

  • Positive Sentiment: Saba Capital Management, L.P. reported a series of 12 purchases from October 14 through November 9, adding 133,945 MXF shares and bringing its disclosed holdings to 2,540,570 shares. The sustained accumulation may indicate confidence in the fund. SEC filing for latest purchases SEC filing for earlier purchases

Hedge Funds Weigh In On Mexico Fund

A number of institutional investors have recently modified their holdings of MXF. Calamos Advisors LLC lifted its holdings in shares of Mexico Fund by 6.7% in the 3rd quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after buying an additional 1,050 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mexico Fund in the second quarter worth about $33,000. Uhlmann Price Securities LLC grew its holdings in Mexico Fund by 2.3% during the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after acquiring an additional 2,544 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in Mexico Fund by 13.2% during the third quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after acquiring an additional 4,855 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Mexico Fund by 25.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock worth $774,000 after acquiring an additional 7,774 shares during the period.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.

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

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