Saba Capital Management, L.P. Acquires 9,633 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 9,633 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of $22.24 per share, with a total value of $214,237.92. Following the acquisition, the insider owned 2,101,430 shares of the company’s stock, valued at approximately $46,735,803.20. The trade was a 0.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Wednesday, June 3rd, Saba Capital Management, L.P. purchased 31,949 shares of Mexico Fund stock. The stock was bought at an average cost of $22.16 per share, with a total value of $707,989.84.
  • On Monday, June 1st, Saba Capital Management, L.P. purchased 708 shares of Mexico Fund stock. The stock was bought at an average cost of $21.90 per share, with a total value of $15,505.20.
  • On Friday, May 29th, Saba Capital Management, L.P. purchased 18,466 shares of Mexico Fund stock. The stock was bought at an average cost of $22.17 per share, with a total value of $409,391.22.
  • On Thursday, May 28th, Saba Capital Management, L.P. purchased 6,700 shares of Mexico Fund stock. The stock was bought at an average cost of $22.16 per share, with a total value of $148,472.00.
  • On Wednesday, May 27th, Saba Capital Management, L.P. purchased 44,608 shares of Mexico Fund stock. The stock was bought at an average cost of $22.27 per share, with a total value of $993,420.16.
  • On Tuesday, May 26th, Saba Capital Management, L.P. purchased 14,402 shares of Mexico Fund stock. The stock was bought at an average cost of $21.99 per share, with a total value of $316,699.98.
  • On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.67 per share, with a total value of $155,287.22.
  • On Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The shares were acquired 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 shares were acquired 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 shares were acquired at an average cost of $21.59 per share, with a total value of $401,271.74.

Mexico Fund Price Performance

MXF stock opened at $21.89 on Friday. The business has a fifty day moving average of $21.66 and a two-hundred day moving average of $21.11. Mexico Fund, Inc. has a 52-week low of $16.43 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

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

Institutional Investors Weigh In On Mexico Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Altium Capital Management LLC acquired a new stake in Mexico Fund during the fourth quarter worth $972,000. Allspring Global Investments Holdings LLC increased its stake in Mexico Fund by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock worth $20,548,000 after acquiring an additional 27,983 shares during the last quarter. Calamos Advisors LLC increased its stake in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after acquiring an additional 2,535 shares during the last quarter. Uhlmann Price Securities LLC increased its stake in Mexico Fund by 1.9% during the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after acquiring an additional 2,013 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Mexico Fund by 144.8% during the fourth quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock worth $1,000,000 after acquiring an additional 29,377 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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