Mexico Fund (NYSE:MXF) Major Shareholder Buys $314,480.45 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 15,011 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were purchased at an average cost of $20.95 per share, for a total transaction of $314,480.45. Following the acquisition, the insider owned 2,493,840 shares of the company’s stock, valued at approximately $52,245,948. The trade was a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock 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, November 11th, Saba Capital Management, L.P. bought 31,698 shares of Mexico Fund stock. The shares were purchased at an average price of $21.33 per share, for a total transaction of $676,118.34.
  • On Tuesday, November 10th, Saba Capital Management, L.P. bought 3,762 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.05 per share, with a total value of $79,190.10.
  • On Monday, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.06 per share, with a total value of $91,926.90.
  • On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.75 per share, with a total value of $378,687.50.
  • On Thursday, November 5th, Saba Capital Management, L.P. bought 24,115 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.72 per share, with a total value of $499,662.80.
  • On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were purchased at an average price of $20.54 per share, for a total transaction of $283,534.16.
  • On Monday, November 2nd, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The shares were purchased at an average price of $20.51 per share, for a total transaction of $4,102.00.
  • On Friday, October 30th, Saba Capital Management, L.P. purchased 15,143 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.25 per share, for a total transaction of $306,645.75.
  • On Thursday, October 29th, Saba Capital Management, L.P. purchased 23,901 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.11 per share, for a total transaction of $480,649.11.
  • On Wednesday, October 28th, Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock. The stock was purchased at an average price of $20.13 per share, with a total value of $22,565.73.

Mexico Fund Trading Down 0.6%

Shares of NYSE MXF opened at $21.11 on Friday. Mexico Fund, Inc. has a twelve month low of $18.62 and a twelve month high of $23.00. The stock has a 50 day moving average of $20.68 and a two-hundred day moving average of $21.42.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were given a $0.35 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $1.40 annualized dividend and a yield of 6.6%.

Institutional Trading of Mexico Fund

A number of large investors have recently bought and sold shares of the business. Beverly Hills Private Wealth LLC grew its position in Mexico Fund by 13.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after purchasing an additional 4,855 shares during the last quarter. Uhlmann Price Securities LLC increased its stake in Mexico Fund by 2.3% in the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock valued at $2,304,000 after purchasing an additional 2,544 shares during the period. Calamos Advisors LLC increased its stake in Mexico Fund by 6.7% in the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 1,050 shares during the period. City of London Investment Management Co. Ltd. raised its holdings in shares of Mexico Fund by 0.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock valued at $65,870,000 after buying an additional 19,166 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of Mexico Fund by 25.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after buying an additional 7,774 shares during the last quarter.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.

Recommended Stories

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

Receive News & Ratings for Mexico Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Fund and related companies with MarketBeat.com's FREE daily email newsletter.