Saba Capital Management, L.P. Buys 6,008 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. bought 6,008 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were bought at an average price of $20.20 per share, with a total value of $121,361.60. Following the completion of the transaction, the insider owned 1,637,197 shares in the company, valued at approximately $33,071,379.40. This trade represents a 0.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, December 15th, Saba Capital Management, L.P. purchased 28,475 shares of Mexico Fund stock. The stock was bought at an average cost of $20.22 per share, with a total value of $575,764.50.
  • On Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.91 per share, with a total value of $187,154.00.
  • On Wednesday, December 10th, Saba Capital Management, L.P. acquired 1,000 shares of Mexico Fund stock. The shares were purchased at an average price of $19.70 per share, for a total transaction of $19,700.00.
  • On Tuesday, December 9th, Saba Capital Management, L.P. bought 628 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.74 per share, for a total transaction of $12,396.72.
  • On Monday, December 8th, Saba Capital Management, L.P. bought 2,403 shares of Mexico Fund stock. The stock was purchased at an average price of $19.63 per share, with a total value of $47,170.89.
  • On Friday, December 5th, Saba Capital Management, L.P. purchased 15,492 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.59 per share, with a total value of $303,488.28.
  • On Thursday, December 4th, Saba Capital Management, L.P. acquired 698 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.58 per share, for a total transaction of $13,666.84.
  • On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 299 shares of Mexico Fund stock. The shares were purchased at an average price of $19.44 per share, with a total value of $5,812.56.
  • On Monday, December 1st, Saba Capital Management, L.P. bought 10,902 shares of Mexico Fund stock. The shares were acquired at an average price of $19.45 per share, with a total value of $212,043.90.
  • On Tuesday, November 25th, Saba Capital Management, L.P. purchased 1,869 shares of Mexico Fund stock. The stock was acquired at an average price of $19.10 per share, for a total transaction of $35,697.90.

Mexico Fund Price Performance

Mexico Fund stock opened at $20.00 on Wednesday. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $20.45. The stock has a fifty day moving average of $19.25 and a 200-day moving average of $18.40.

Mexico Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 7.0%.

Institutional Investors Weigh In On Mexico Fund

A number of hedge funds have recently made changes to their positions in MXF. SFI Advisors LLC grew its holdings in shares of Mexico Fund by 342.4% during the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock valued at $1,876,000 after purchasing an additional 102,015 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of Mexico Fund by 34.9% during the first quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company’s stock worth $1,050,000 after buying an additional 19,109 shares during the last quarter. Almitas Capital LLC increased its holdings in shares of Mexico Fund by 8.3% during the first quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock worth $4,899,000 after buying an additional 26,418 shares in the last quarter. Uhlmann Price Securities LLC lifted its stake in shares of Mexico Fund by 0.7% in the 2nd quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock valued at $1,783,000 after acquiring an additional 696 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after acquiring an additional 305,864 shares during the last quarter.

Mexico Fund Company Profile

(Get Free Report)

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.

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

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