Saba Capital Management, L.P. Acquires 28,475 Shares of Mexico Fund (NYSE:MXF) Stock

by · The Markets Daily

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 28,475 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $20.22 per share, for a total transaction of $575,764.50. Following the completion of the purchase, the insider owned 1,675,072 shares in the company, valued at $33,869,955.84. The trade was a 1.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The shares were bought at an average price of $19.91 per share, for a total transaction of $187,154.00.
  • On Thursday, December 11th, Saba Capital Management, L.P. bought 6,008 shares of Mexico Fund stock. The stock was bought at an average cost of $20.20 per share, for a total transaction of $121,361.60.
  • On Wednesday, December 10th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were bought at an average cost of $19.70 per share, with a total value of $19,700.00.
  • On Tuesday, December 9th, Saba Capital Management, L.P. purchased 628 shares of Mexico Fund stock. The shares were bought 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. purchased 2,403 shares of Mexico Fund stock. The stock was bought at an average price of $19.63 per share, for a total transaction of $47,170.89.
  • On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The shares were bought 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 shares were purchased at an average price of $19.58 per share, with a total value of $13,666.84.
  • On Tuesday, December 2nd, Saba Capital Management, L.P. bought 299 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.44 per share, for a total transaction of $5,812.56.
  • On Monday, December 1st, Saba Capital Management, L.P. purchased 10,902 shares of Mexico Fund stock. The shares were purchased at an average cost 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 shares were purchased at an average price of $19.10 per share, with a total value of $35,697.90.

Mexico Fund Stock Down 1.8%

NYSE MXF opened at $19.63 on Thursday. Mexico Fund, Inc. has a 1-year low of $13.10 and a 1-year high of $20.45. The business’s 50-day simple moving average is $19.26 and its 200-day simple moving average is $18.41.

Mexico Fund Increases Dividend

The firm also recently disclosed 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. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 7.1%. The ex-dividend date is Wednesday, January 21st.

Hedge Funds Weigh In On Mexico Fund

Hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,200 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of Mexico Fund during the second quarter worth about $196,000. Alpine Global Management LLC purchased a new stake in shares of Mexico Fund in the third quarter worth about $265,000. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,535 shares in the last quarter. Finally, North Ground Capital acquired a new stake in shares of Mexico Fund in the third quarter valued at about $608,000.

About Mexico Fund

(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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