Mexico Fund (NYSE:MXF) Major Shareholder Buys $40,280.00 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,000 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was acquired at an average price of $20.14 per share, with a total value of $40,280.00. Following the purchase, the insider owned 2,424,660 shares in the company, valued at approximately $48,832,652.40. This represents a 0.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Wednesday, November 11th, Saba Capital Management, L.P. acquired 31,698 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.33 per share, with a total value of $676,118.34.
  • On Tuesday, November 10th, Saba Capital Management, L.P. bought 3,762 shares of Mexico Fund stock. The shares were acquired at an average price of $21.05 per share, for a total transaction of $79,190.10.
  • On Monday, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.06 per share, for a total transaction of $91,926.90.
  • On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The stock was acquired at an average cost 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 cost of $20.72 per share, with a total value 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 cost of $20.95 per share, with a total value 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 price of $20.54 per share, with a total value of $283,534.16.
  • On Monday, November 2nd, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The stock was bought at an average price of $20.51 per share, for a total transaction of $4,102.00.
  • On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The stock was bought at an average cost of $20.25 per share, with a total value of $306,645.75.
  • On Thursday, October 29th, Saba Capital Management, L.P. bought 23,901 shares of Mexico Fund stock. The shares were bought at an average price of $20.11 per share, with a total value of $480,649.11.

Mexico Fund Trading Down 0.6%

Shares of NYSE:MXF opened at $21.11 on Friday. The business’s fifty day moving average price is $20.68 and its two-hundred day moving average price is $21.42. Mexico Fund, Inc. has a fifty-two week low of $18.62 and a fifty-two week high of $23.00.

Mexico Fund Dividend Announcement

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

Institutional Investors Weigh In On Mexico Fund

A number of hedge funds have recently made changes to their positions in MXF. Beverly Hills Private Wealth LLC boosted its position in Mexico Fund by 13.2% in the third quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock valued at $847,000 after buying an additional 4,855 shares in the last quarter. Uhlmann Price Securities LLC raised its stake in shares of Mexico Fund by 2.3% in the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock valued at $2,304,000 after acquiring an additional 2,544 shares during the last quarter. Calamos Advisors LLC boosted 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 worth $343,000 after acquiring an additional 1,050 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in shares of Mexico Fund by 0.6% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock worth $65,870,000 after acquiring an additional 19,166 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in Mexico Fund by 25.8% during the 3rd 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 last quarter.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.

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

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