Saba Capital Management, L.P. Purchases 9,362 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 9,362 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $22.19 per share, with a total value of $207,742.78. Following the completion of the purchase, the insider owned 2,300,764 shares in the company, valued at approximately $51,053,953.16. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Wednesday, July 29th, Saba Capital Management, L.P. acquired 3,077 shares of Mexico Fund stock. The stock was acquired at an average price of $21.34 per share, for a total transaction of $65,663.18.
  • On Tuesday, July 28th, Saba Capital Management, L.P. acquired 2,608 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.56 per share, for a total transaction of $56,228.48.
  • On Wednesday, July 22nd, Saba Capital Management, L.P. bought 7,623 shares of Mexico Fund stock. The shares were acquired at an average price of $21.80 per share, with a total value of $166,181.40.
  • On Thursday, July 23rd, Saba Capital Management, L.P. bought 414 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.11 per share, with a total value of $8,739.54.
  • On Tuesday, July 21st, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The stock was acquired at an average price of $21.52 per share, for a total transaction of $4,304.00.
  • On Monday, July 20th, Saba Capital Management, L.P. purchased 7,631 shares of Mexico Fund stock. The shares were acquired at an average price of $21.49 per share, for a total transaction of $163,990.19.
  • On Wednesday, July 8th, Saba Capital Management, L.P. purchased 522 shares of Mexico Fund stock. The shares were acquired at an average price of $21.26 per share, for a total transaction of $11,097.72.
  • On Tuesday, July 7th, Saba Capital Management, L.P. acquired 1,828 shares of Mexico Fund stock. The stock was bought at an average price of $21.73 per share, with a total value of $39,722.44.
  • On Wednesday, June 24th, Saba Capital Management, L.P. bought 5,100 shares of Mexico Fund stock. The stock was bought at an average cost of $21.31 per share, for a total transaction of $108,681.00.
  • On Tuesday, June 23rd, Saba Capital Management, L.P. bought 15,051 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $323,897.52.

Mexico Fund Stock Performance

NYSE:MXF traded up $0.21 during mid-day trading on Thursday, hitting $21.97. 6,140 shares of the company traded hands, compared to its average volume of 57,216. The stock’s fifty day moving average price is $21.72 and its 200-day moving average price is $21.65. Mexico Fund, Inc. has a one year low of $17.81 and a one year high of $23.00.

Mexico Fund Dividend Announcement

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

Hedge Funds Weigh In On Mexico Fund

Hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. raised its position in shares of Mexico Fund by 4.3% during the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock worth $20,548,000 after buying an additional 27,983 shares in the last quarter. Altium Capital Management LLC grew its holdings in shares of Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares in the last quarter. North Ground Capital increased 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 worth $2,544,000 after buying an additional 95,443 shares during the last quarter. Finally, Uhlmann Price Securities LLC raised its position in shares of Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after buying an additional 2,013 shares in 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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Insider Buying and Selling by Quarter for Mexico Fund (NYSE:MXF)

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