Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 4,610 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $21.68 per share, with a total value of $99,944.80. Following the purchase, the insider directly owned 1,999,747 shares of the company’s stock, valued at approximately $43,354,514.96. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, May 19th, Saba Capital Management, L.P. acquired 22,914 shares of Mexico Fund stock. The stock was purchased at an average price of $21.58 per share, for a total transaction of $494,484.12.
- On Monday, May 18th, Saba Capital Management, L.P. acquired 18,586 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.59 per share, for a total transaction of $401,271.74.
- On Friday, May 15th, Saba Capital Management, L.P. acquired 8,334 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, with a total value of $183,348.00.
- On Thursday, May 14th, Saba Capital Management, L.P. bought 33,108 shares of Mexico Fund stock. The stock was purchased at an average price of $22.00 per share, with a total value of $728,376.00.
- On Wednesday, May 13th, Saba Capital Management, L.P. bought 15,148 shares of Mexico Fund stock. The stock was purchased at an average price of $22.13 per share, with a total value of $335,225.24.
- On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.01 per share, for a total transaction of $198,090.00.
- On Thursday, May 7th, Saba Capital Management, L.P. purchased 3,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.82 per share, for a total transaction of $65,460.00.
- On Friday, May 1st, Saba Capital Management, L.P. acquired 217 shares of Mexico Fund stock. The stock was purchased at an average price of $21.33 per share, with a total value of $4,628.61.
- On Wednesday, April 22nd, Saba Capital Management, L.P. acquired 100,000 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.83 per share, for a total transaction of $2,183,000.00.
- On Tuesday, April 21st, Saba Capital Management, L.P. acquired 3,505 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.86 per share, for a total transaction of $76,619.30.
Mexico Fund Stock Performance
NYSE MXF traded down $0.18 on Thursday, hitting $21.60. 12,393 shares of the company’s stock were exchanged, compared to its average volume of 66,751. The firm’s 50-day moving average price is $21.29 and its two-hundred day moving average price is $20.90. Mexico Fund, Inc. has a fifty-two week low of $16.22 and a fifty-two week high of $23.00.
Mexico Fund Dividend Announcement
Institutional Investors Weigh In On Mexico Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. grew its stake in shares of Mexico Fund by 4.3% during the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock worth $36,927,000 after purchasing an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares during the period. Calamos Advisors LLC lifted its stake in shares of Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the period. Altium Capital Management LLC boosted its holdings in Mexico Fund by 165.5% during the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after buying an additional 79,898 shares in the last quarter. Finally, Uhlmann Price Securities LLC grew its position 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 buying an additional 2,013 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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