Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,238 shares of Mexico Fund stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $20.39 per share, for a total transaction of $25,242.82. Following the transaction, the insider owned 2,348,440 shares in the company, valued at approximately $47,884,691.60. This trade represents a 0.05% 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 more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Monday, September 28th, Saba Capital Management, L.P. acquired 4,133 shares of Mexico Fund stock. The stock was acquired at an average price of $20.74 per share, for a total transaction of $85,718.42.
- On Friday, September 25th, Saba Capital Management, L.P. acquired 834 shares of Mexico Fund stock. The stock was acquired at an average price of $20.74 per share, with a total value of $17,297.16.
- On Thursday, September 24th, Saba Capital Management, L.P. bought 1,049 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.69 per share, with a total value of $21,703.81.
- On Wednesday, September 23rd, Saba Capital Management, L.P. bought 28,464 shares of Mexico Fund stock. The stock was acquired at an average price of $21.02 per share, for a total transaction of $598,313.28.
- On Tuesday, September 22nd, Saba Capital Management, L.P. purchased 110 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.90 per share, for a total transaction of $2,299.00.
- On Monday, September 21st, Saba Capital Management, L.P. purchased 2,034 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.03 per share, for a total transaction of $42,775.02.
- On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The shares were acquired at an average price of $20.63 per share, with a total value of $132,093.89.
- On Tuesday, September 15th, Saba Capital Management, L.P. acquired 459 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.89 per share, with a total value of $9,588.51.
- On Thursday, August 13th, Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock. The stock was bought at an average price of $21.41 per share, for a total transaction of $63,202.32.
- On Tuesday, August 4th, Saba Capital Management, L.P. acquired 9,362 shares of Mexico Fund stock. The stock was bought at an average price of $22.19 per share, for a total transaction of $207,742.78.
Mexico Fund Stock Up 0.3%
NYSE MXF opened at $19.93 on Friday. The firm’s 50-day moving average is $21.39 and its two-hundred day moving average is $21.50. Mexico Fund, Inc. has a 12 month low of $18.30 and a 12 month high of $23.00.
Mexico Fund Announces Dividend
Hedge Funds Weigh In On Mexico Fund
A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Mexico Fund in the 2nd quarter valued at approximately $33,000. Susquehanna International Group LLP purchased a new position in shares of Mexico Fund during the second quarter worth $215,000. Evolve Private Wealth LLC purchased a new position in shares of Mexico Fund during the second quarter worth $278,000. Calamos Advisors LLC boosted its position in shares of 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 buying an additional 2,535 shares during the period. Finally, Hudson Portfolio Management LLC acquired a new stake in shares of Mexico Fund in the second quarter valued at $784,000.
About Mexico Fund
The Mexico Fund, Inc (NYSE: MXF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in securities of Mexican companies. The fund primarily invests in publicly traded equities, although it may also hold other investments that provide exposure to Mexico’s economy and financial markets.
MXF offers investors a vehicle for gaining diversified exposure to Mexico across multiple industries and sectors. Its portfolio may include companies that operate in areas such as consumer goods, financial services, telecommunications, industrials, materials, and other segments of the Mexican economy.
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