Mexico Fund (NYSE:MXF) Major Shareholder Purchases $11,097.72 in Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 522 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of $21.26 per share, for a total transaction of $11,097.72. Following the completion of the acquisition, the insider directly owned 2,262,484 shares in the company, valued at approximately $48,100,409.84. The trade was a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Tuesday, July 7th, Saba Capital Management, L.P. bought 1,828 shares of Mexico Fund stock. The shares were bought at an average cost of $21.73 per share, with a total value of $39,722.44.
  • On Wednesday, June 24th, Saba Capital Management, L.P. purchased 5,100 shares of Mexico Fund stock. The stock was bought at an average cost of $21.31 per share, for a total transaction of $108,681.00.
  • On Tuesday, June 23rd, Saba Capital Management, L.P. purchased 15,051 shares of Mexico Fund stock. The stock was bought at an average cost of $21.52 per share, for a total transaction of $323,897.52.
  • On Thursday, June 18th, Saba Capital Management, L.P. acquired 1,261 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.19 per share, with a total value of $27,981.59.
  • On Wednesday, June 17th, Saba Capital Management, L.P. acquired 4,037 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.23 per share, with a total value of $89,742.51.
  • On Friday, June 12th, Saba Capital Management, L.P. bought 29,500 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.30 per share, for a total transaction of $657,850.00.
  • On Thursday, June 11th, Saba Capital Management, L.P. bought 5,117 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.60 per share, for a total transaction of $110,527.20.
  • On Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The shares were purchased at an average price of $21.39 per share, for a total transaction of $237,022.59.
  • On Tuesday, June 9th, Saba Capital Management, L.P. purchased 3,600 shares of Mexico Fund stock. The stock was purchased at an average price of $21.14 per share, with a total value of $76,104.00.
  • On Friday, June 5th, Saba Capital Management, L.P. acquired 19,906 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.64 per share, with a total value of $430,765.84.

Mexico Fund Trading Down 0.4%

Mexico Fund stock traded down $0.08 during midday trading on Thursday, reaching $21.39. The stock had a trading volume of 31,675 shares, compared to its average volume of 60,377. Mexico Fund, Inc. has a twelve month low of $16.57 and a twelve month high of $23.00. The firm’s fifty day simple moving average is $21.77 and its two-hundred day simple moving average is $21.49.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, July 22nd.

Institutional Investors Weigh In On Mexico Fund

Several hedge funds have recently bought and sold shares of the business. Scotia Capital Inc. grew its position in Mexico Fund by 127.8% during the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 14,241 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Mexico Fund by 21.7% in the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after buying an additional 17,747 shares during the last quarter. Alpine Global Management LLC bought a new stake in Mexico Fund during the third quarter worth approximately $265,000. Uhlmann Price Securities LLC grew its holdings in Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 purchasing an additional 1,194 shares during the period.

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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