Saba Capital Management, L.P. Purchases 22,914 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 22,914 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $21.58 per share, for a total transaction of $494,484.12. Following the transaction, the insider directly owned 1,995,137 shares in the company, valued at approximately $43,055,056.46. This represents a 1.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Wednesday, May 20th, Saba Capital Management, L.P. purchased 4,610 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.68 per share, for a total transaction of $99,944.80.
  • On Monday, May 18th, Saba Capital Management, L.P. purchased 18,586 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.59 per share, for a total transaction of $401,271.74.
  • On Friday, May 15th, Saba Capital Management, L.P. purchased 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. purchased 33,108 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $728,376.00.
  • On Wednesday, May 13th, Saba Capital Management, L.P. purchased 15,148 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.13 per share, for a total transaction of $335,225.24.
  • On Tuesday, May 12th, Saba Capital Management, L.P. purchased 9,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.01 per share, for a total transaction 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 cost 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. purchased 3,505 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.86 per share, for a total transaction of $76,619.30.

Mexico Fund Stock Up 0.1%

MXF opened at $21.68 on Friday. Mexico Fund, Inc. has a 52 week low of $16.22 and a 52 week high of $23.00. The business’s 50 day moving average is $21.32 and its two-hundred day moving average is $20.92.

Mexico Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. increased its position in Mexico Fund by 4.3% during the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock worth $36,927,000 after buying an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the last quarter. Altium Capital Management LLC grew its stake in shares of Mexico Fund by 165.5% in the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares during the last quarter. Finally, Uhlmann Price Securities LLC grew its stake in shares of Mexico Fund by 1.9% in the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after purchasing an additional 2,013 shares during 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.

See Also

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

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