Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 19,906 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $21.64 per share, for a total transaction of $430,765.84. Following the purchase, the insider owned 2,185,387 shares in the company, valued at $47,291,774.68. The trade was a 0.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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 Thursday, June 4th, Saba Capital Management, L.P. purchased 32,102 shares of Mexico Fund stock. The stock was bought at an average price of $21.61 per share, for a total transaction of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. purchased 31,949 shares of Mexico Fund stock. The stock was bought at an average price of $22.16 per share, for a total transaction of $707,989.84.
- On Tuesday, June 2nd, Saba Capital Management, L.P. purchased 9,633 shares of Mexico Fund stock. The stock was bought at an average price of $22.24 per share, for a total transaction of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. purchased 708 shares of Mexico Fund stock. The stock was bought at an average price of $21.90 per share, for a total transaction of $15,505.20.
- On Friday, May 29th, Saba Capital Management, L.P. acquired 18,466 shares of Mexico Fund stock. The stock was acquired 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. acquired 6,700 shares of Mexico Fund stock. The stock was acquired 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. acquired 44,608 shares of Mexico Fund stock. The stock was acquired 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. acquired 14,402 shares of Mexico Fund stock. The stock was acquired 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. acquired 7,166 shares of Mexico Fund stock. The stock was 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. acquired 4,610 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.68 per share, with a total value of $99,944.80.
Mexico Fund Price Performance
NYSE MXF opened at $21.12 on Wednesday. Mexico Fund, Inc. has a 12-month low of $16.43 and a 12-month high of $23.00. The firm has a 50-day moving average price of $21.70 and a two-hundred day moving average price of $21.16.
Mexico Fund Dividend Announcement
Institutional Trading of Mexico Fund
A number of institutional investors have recently bought and sold shares of MXF. Farther Finance Advisors LLC boosted its holdings in Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after acquiring an additional 2,735 shares during the period. Alpine Global Management LLC bought a new stake in shares of Mexico Fund during the 3rd quarter worth approximately $265,000. Calamos Advisors LLC lifted its holdings in shares of Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after acquiring an additional 4,563 shares during the period. Finally, Scotia Capital Inc. lifted its holdings in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after acquiring an additional 14,241 shares during the period.
About Mexico Fund
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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