Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Acquires 7,166 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 7,166 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $21.67 per share, with a total value of $155,287.22. Following the transaction, the insider directly owned 2,006,913 shares in the company, valued at approximately $43,489,804.71. The trade was a 0.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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 Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The stock was bought at an average cost of $21.68 per share, with a total value of $99,944.80.
  • On Tuesday, May 19th, Saba Capital Management, L.P. bought 22,914 shares of Mexico Fund stock. The stock was bought at an average cost of $21.58 per share, with a total value of $494,484.12.
  • On Monday, May 18th, Saba Capital Management, L.P. bought 18,586 shares of Mexico Fund stock. The stock was bought at an average cost of $21.59 per share, with a total value of $401,271.74.
  • On Friday, May 15th, Saba Capital Management, L.P. bought 8,334 shares of Mexico Fund stock. The stock was bought at an average cost of $22.00 per share, with a total value of $183,348.00.
  • On Thursday, May 14th, Saba Capital Management, L.P. acquired 33,108 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.00 per share, with a total value of $728,376.00.
  • On Wednesday, May 13th, Saba Capital Management, L.P. acquired 15,148 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.13 per share, with a total value of $335,225.24.
  • On Tuesday, May 12th, Saba Capital Management, L.P. acquired 9,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.01 per share, with a total value of $198,090.00.
  • On Thursday, May 7th, Saba Capital Management, L.P. acquired 3,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.82 per share, with a total value of $65,460.00.
  • On Friday, May 1st, Saba Capital Management, L.P. acquired 217 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.33 per share, with a total value of $4,628.61.
  • On Wednesday, April 22nd, Saba Capital Management, L.P. acquired 100,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.83 per share, with a total value of $2,183,000.00.

Mexico Fund Price Performance

Shares of NYSE:MXF traded up $0.28 during trading on Tuesday, reaching $21.98. 64,246 shares of the company’s stock traded hands, compared to its average volume of 66,645. Mexico Fund, Inc. has a 12 month low of $16.43 and a 12 month high of $23.00. The company has a 50 day moving average of $21.34 and a 200-day moving average of $20.95.

Mexico Fund Dividend Announcement

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

Institutional Investors Weigh In On Mexico Fund

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Mexico Fund during the 3rd quarter valued at about $265,000. Calamos Advisors LLC grew its position in shares of Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after buying an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. grew its position in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after buying an additional 14,241 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.

See Also

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

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