Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Buys 3,814 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 3,814 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average cost of $21.23 per share, with a total value of $80,971.22. Following the completion of the purchase, the insider directly owned 1,778,946 shares of the company's stock, valued at $37,767,023.58. This represents a 0.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, April 2nd, Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.28 per share, with a total value of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. bought 2,871 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.83 per share, with a total value of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.38 per share, with a total value of $101,900.00.
• On Friday, March 13th, Saba Capital Management, L.P. bought 2,600 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.21 per share, with a total value of $52,546.00.
• On Thursday, March 12th, Saba Capital Management, L.P. bought 456 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.35 per share, with a total value of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. bought 1,005 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.94 per share, with a total value of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. acquired 4,480 shares of Mexico Fund stock. The shares were bought 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. acquired 32,126 shares of Mexico Fund stock. The shares were bought at an average cost of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. acquired 3,115 shares of Mexico Fund stock. The shares were bought at an average cost of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. acquired 1,000 shares of Mexico Fund stock. The shares were bought at an average cost of $21.50 per share, with a total value of $21,500.00.

Mexico Fund Stock Up 0.2%

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MXF stock opened at $21.36 on Wednesday. The company has a fifty day moving average price of $21.53 and a two-hundred day moving average price of $20.35. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $23.00.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Hedge Funds Weigh In On Mexico Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uhlmann Price Securities LLC boosted its position 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 worth $2,118,000 after purchasing an additional 1,074 shares during the period. Farther Finance Advisors LLC boosted its position in Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company's stock worth $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company's stock valued at $49,000 after acquiring an additional 1,200 shares during the period. Calamos Advisors LLC boosted its position in shares of Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company's stock valued at $280,000 after acquiring an additional 2,535 shares during the period. Finally, Quantedge Capital Pte Ltd boosted its position in shares of Mexico Fund by 3.7% in the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company's stock valued at $2,286,000 after acquiring an additional 4,650 shares during the period.

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.

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