Key Points
- Saba Capital Management, L.P. bought 10,902 shares of Mexico Fund (MXF) on Dec. 1 at an average price of $19.45 for about $212,044, increasing its holdings to 1,610,669 shares (a 0.68% ownership rise) valued near $31.33M.
- The Dec. 1 purchase is part of a recent accumulation by Saba, including a notable 47,273‑share buy on Nov. 18 (~$905,278), signaling a steady increase in its MXF position.
- MXF shares traded around $19.52 with a one‑year range of $13.10–$19.86, and the fund pays a quarterly dividend of $0.25 (annualized $1.00), implying a ~5.1% yield.
Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 10,902 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of $19.45 per share, with a total value of $212,043.90. Following the acquisition, the insider owned 1,610,669 shares of the company's stock, valued at $31,327,512.05. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, November 25th, Saba Capital Management, L.P. purchased 1,869 shares of Mexico Fund stock. The stock was bought at an average price of $19.10 per share, for a total transaction of $35,697.90.
- On Friday, November 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were bought at an average cost of $18.76 per share, for a total transaction of $3,752.00.
- On Tuesday, November 18th, Saba Capital Management, L.P. acquired 47,273 shares of Mexico Fund stock. The stock was bought at an average price of $19.15 per share, with a total value of $905,277.95.
- On Monday, November 17th, Saba Capital Management, L.P. bought 13,451 shares of Mexico Fund stock. The stock was bought at an average cost of $18.94 per share, with a total value of $254,761.94.
- On Thursday, October 23rd, Saba Capital Management, L.P. bought 506 shares of Mexico Fund stock. The shares were bought at an average cost of $18.64 per share, for a total transaction of $9,431.84.
Mexico Fund Trading Up 0.5%
Shares of NYSE MXF opened at $19.52 on Wednesday. Mexico Fund, Inc. has a 1 year low of $13.10 and a 1 year high of $19.86. The company's 50-day moving average is $19.13 and its 200 day moving average is $18.17.
Mexico Fund Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.1%.
Institutional Investors Weigh In On Mexico Fund
Several hedge funds have recently made changes to their positions in MXF. Greykasell Wealth Strategies Inc. purchased a new stake in Mexico Fund in the first quarter worth $46,000. Wolverine Asset Management LLC boosted its holdings in shares of Mexico Fund by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 236,078 shares of the investment management company's stock valued at $3,359,000 after buying an additional 90,483 shares in the last quarter. SFI Advisors LLC boosted its holdings in shares of Mexico Fund by 342.4% during the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company's stock valued at $1,876,000 after buying an additional 102,015 shares in the last quarter. Landscape Capital Management L.L.C. grew its position in shares of Mexico Fund by 34.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company's stock worth $1,050,000 after buying an additional 19,109 shares during the period. Finally, Almitas Capital LLC increased its stake in shares of Mexico Fund by 8.3% in the 1st quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company's stock worth $4,899,000 after acquiring an additional 26,418 shares in the last quarter.
About Mexico Fund
(
Get Free Report)
The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.
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