Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 522 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average price of $21.26 per share, with a total value of $11,097.72. Following the transaction, the insider owned 2,262,484 shares of the company’s stock, valued at approximately $48,100,409.84. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% 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, July 7th, Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock. The shares were 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. bought 5,100 shares of Mexico Fund stock. The shares were purchased at an average price 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, for a total transaction of $323,897.52.
- On Thursday, June 18th, Saba Capital Management, L.P. bought 1,261 shares of Mexico Fund stock. The shares were acquired at an average price of $22.19 per share, for a total transaction of $27,981.59.
- On Wednesday, June 17th, Saba Capital Management, L.P. acquired 4,037 shares of Mexico Fund stock. The shares were bought at an average price of $22.23 per share, for a total transaction of $89,742.51.
- On Friday, June 12th, Saba Capital Management, L.P. bought 29,500 shares of Mexico Fund stock. The shares were bought at an average cost of $22.30 per share, for a total transaction of $657,850.00.
- On Thursday, June 11th, Saba Capital Management, L.P. acquired 5,117 shares of Mexico Fund stock. The shares were purchased at an average price of $21.60 per share, for a total transaction of $110,527.20.
- On Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The shares were purchased at an average price of $21.39 per share, for a total transaction of $237,022.59.
- On Tuesday, June 9th, Saba Capital Management, L.P. purchased 3,600 shares of Mexico Fund stock. The stock was acquired at an average price of $21.14 per share, for a total transaction of $76,104.00.
- On Friday, June 5th, Saba Capital Management, L.P. bought 19,906 shares of Mexico Fund stock. The stock was acquired at an average price of $21.64 per share, for a total transaction of $430,765.84.
Mexico Fund Trading Up 0.9%
MXF traded up $0.19 on Friday, reaching $21.64. 23,121 shares of the company traded hands, compared to its average volume of 30,466. The firm has a fifty day simple moving average of $21.80 and a two-hundred day simple moving average of $21.51. Mexico Fund, Inc. has a one year low of $16.57 and a one year high of $23.00.
Mexico Fund Dividend Announcement
Institutional Investors Weigh In On Mexico Fund
Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in 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 valued at $105,000 after acquiring an additional 2,735 shares during the period. Alpine Global Management LLC acquired a new position in Mexico Fund during the third quarter valued at $265,000. Calamos Advisors LLC lifted its holdings in shares of 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 period. Finally, Scotia Capital Inc. lifted its holdings in Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $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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