Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,077 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of $21.34 per share, for a total transaction of $65,663.18. Following the purchase, the insider directly owned 2,291,228 shares in the company, valued at approximately $48,894,805.52. This trade represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 Tuesday, July 28th, Saba Capital Management, L.P. purchased 2,608 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.56 per share, with a total value of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. acquired 7,623 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.80 per share, for a total transaction of $166,181.40.
- On Thursday, July 23rd, Saba Capital Management, L.P. purchased 414 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.11 per share, for a total transaction of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $4,304.00.
- On Monday, July 20th, Saba Capital Management, L.P. acquired 7,631 shares of Mexico Fund stock. The stock was bought at an average cost of $21.49 per share, with a total value of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. purchased 522 shares of Mexico Fund stock. The stock was purchased at an average price of $21.26 per share, with a total value of $11,097.72.
- On Tuesday, July 7th, Saba Capital Management, L.P. bought 1,828 shares of Mexico Fund stock. The stock was purchased at an average price of $21.73 per share, with a total value of $39,722.44.
- On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.31 per share, with a total value of $108,681.00.
- On Tuesday, June 23rd, Saba Capital Management, L.P. purchased 15,051 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.52 per share, with a total value of $323,897.52.
- On Thursday, June 18th, Saba Capital Management, L.P. bought 1,261 shares of Mexico Fund stock. The shares were bought at an average price of $22.19 per share, with a total value of $27,981.59.
Mexico Fund Stock Performance
Shares of NYSE:MXF opened at $21.80 on Friday. The business has a 50 day moving average of $21.74 and a 200-day moving average of $21.62. Mexico Fund, Inc. has a 12-month low of $17.41 and a 12-month high of $23.00.
Mexico Fund Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,735 shares during the last quarter. Calamos Advisors LLC raised its holdings in Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after buying an additional 4,563 shares during the last quarter. Scotia Capital Inc. grew its stake in shares of Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 shares during the last quarter. Finally, Altium Capital Management LLC bought a new stake in shares of Mexico Fund in the 4th quarter valued at about $972,000.
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.
Further Reading
- Five stocks we like better than Mexico Fund
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Receive News & Ratings for Mexico Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Fund and related companies with MarketBeat.com's FREE daily email newsletter.
