Saba Capital Management, L.P. Acquires 3,000 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,000 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $21.82 per share, for a total transaction of $65,460.00. Following the completion of the acquisition, the insider owned 1,888,047 shares of the company's stock, valued at approximately $41,197,185.54. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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 Friday, May 1st, Saba Capital Management, L.P. acquired 217 shares of Mexico Fund stock. The shares were purchased at an average price of $21.33 per share, with a total value of $4,628.61.
• On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The stock was 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. bought 3,505 shares of Mexico Fund stock. The stock was purchased at an average price of $21.86 per share, for a total transaction of $76,619.30.
• On Friday, April 17th, Saba Capital Management, L.P. purchased 179 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.00 per share, with a total value of $3,938.00.
• On Wednesday, April 8th, Saba Capital Management, L.P. purchased 2,200 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.17 per share, with a total value of $48,774.00.
• On Monday, April 6th, Saba Capital Management, L.P. acquired 3,814 shares of Mexico Fund stock. The stock was acquired at an average price of $21.23 per share, for a total transaction of $80,971.22.
• On Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.28 per share, for a total transaction of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.83 per share, for a total transaction of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The shares were acquired at an average price 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 acquired at an average cost of $20.21 per share, with a total value of $52,546.00.

Mexico Fund Trading Up 0.5%

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Shares of MXF stock opened at $22.04 on Tuesday. The firm's fifty day moving average price is $21.26 and its two-hundred day moving average price is $20.76. Mexico Fund, Inc. has a 1 year low of $15.65 and a 1 year high of $23.00.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Saba Capital Management L.P. grew its stake in Mexico Fund by 32.4% in the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company's stock valued at $34,063,000 after purchasing an additional 413,606 shares in the last quarter. Marex Group plc bought a new stake in shares of Mexico Fund during the 4th quarter worth approximately $1,926,000. North Ground Capital boosted its holdings in shares of Mexico Fund by 309.2% in the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company's stock valued at $2,544,000 after buying an additional 95,443 shares during the last quarter. Altium Capital Management LLC boosted its holdings 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 buying an additional 79,898 shares during the last quarter. Finally, Alpine Global Management LLC grew its stake in shares of Mexico Fund by 356.7% in the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company's stock valued at $1,237,000 after buying an additional 47,979 shares in 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.

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