Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,600 shares of Mexico Fund stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $20.21 per share, with a total value of $52,546.00. Following the completion of the acquisition, the insider owned 1,739,162 shares in the company, valued at approximately $35,148,464.02. The trade was a 0.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 Thursday, March 12th, Saba Capital Management, L.P. purchased 456 shares of Mexico Fund stock. The shares were bought at an average price of $20.35 per share, for a total transaction of $9,279.60.
- On Tuesday, March 10th, Saba Capital Management, L.P. purchased 1,005 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.94 per share, for a total transaction of $21,044.70.
- On Thursday, March 5th, Saba Capital Management, L.P. acquired 4,480 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.34 per share, with a total value of $95,603.20.
- On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The stock was purchased at an average price of $22.69 per share, for a total transaction of $728,938.94.
- On Thursday, January 29th, Saba Capital Management, L.P. bought 3,115 shares of Mexico Fund stock. The stock was purchased at an average price of $21.97 per share, for a total transaction of $68,436.55.
- On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was purchased at an average price of $21.50 per share, for a total transaction of $21,500.00.
- On Wednesday, January 21st, Saba Capital Management, L.P. bought 550 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.29 per share, with a total value of $11,709.50.
- On Monday, January 12th, Saba Capital Management, L.P. purchased 2,520 shares of Mexico Fund stock. The shares were purchased at an average price of $20.45 per share, with a total value of $51,534.00.
- On Friday, January 9th, Saba Capital Management, L.P. purchased 10 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $202.40.
- On Tuesday, December 16th, Saba Capital Management, L.P. acquired 16,228 shares of Mexico Fund stock. The stock was acquired at an average price of $19.95 per share, for a total transaction of $323,748.60.
Mexico Fund Trading Up 2.1%
Mexico Fund stock opened at $20.53 on Tuesday. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $23.00. The business's 50-day simple moving average is $21.64 and its 200-day simple moving average is $20.13.
Mexico Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 22nd.
Institutional Investors Weigh In On Mexico Fund
Several hedge funds have recently modified their holdings of MXF. Farther Finance Advisors LLC boosted 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 acquiring an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company's stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Scotia Capital Inc. bought a new stake in Mexico Fund in the 2nd quarter valued at $196,000. Alpine Global Management LLC bought a new stake in Mexico Fund in the 3rd quarter valued at $265,000. Finally, Calamos Advisors LLC grew its position in Mexico Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company's stock worth $280,000 after purchasing an additional 2,535 shares during the last quarter.
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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