Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 10,800 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $21.28 per share, with a total value of $229,824.00. Following the completion of the purchase, the insider owned 1,775,132 shares in the company, valued at $37,774,808.96. This represents a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more 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 Friday, March 20th, Saba Capital Management, L.P. bought 2,871 shares of Mexico Fund stock. The stock was purchased at an average price of $19.83 per share, for a total transaction of $56,931.93.
- On Wednesday, March 18th, Saba Capital Management, L.P. purchased 5,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.38 per share, for a total transaction of $101,900.00.
- On Friday, March 13th, Saba Capital Management, L.P. purchased 2,600 shares of Mexico Fund stock. The shares were purchased at an average price of $20.21 per share, with a total value of $52,546.00.
- On Thursday, March 12th, Saba Capital Management, L.P. purchased 456 shares of Mexico Fund stock. The shares were purchased at an average price of $20.35 per share, with a total value of $9,279.60.
- On Tuesday, March 10th, Saba Capital Management, L.P. acquired 1,005 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.94 per share, with a total value of $21,044.70.
- On Thursday, March 5th, Saba Capital Management, L.P. acquired 4,480 shares of Mexico Fund stock. The stock was purchased at an average price of $21.34 per share, for a total transaction of $95,603.20.
- On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.69 per share, for a total transaction of $728,938.94.
- On Thursday, January 29th, Saba Capital Management, L.P. bought 3,115 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.97 per share, with a total value of $68,436.55.
- On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.50 per share, with a total value of $21,500.00.
- On Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.29 per share, for a total transaction of $11,709.50.
Mexico Fund Stock Performance
MXF traded down $0.10 on Friday, reaching $21.28. 42,630 shares of the company’s stock were exchanged, compared to its average volume of 48,350. Mexico Fund, Inc. has a twelve month low of $13.10 and a twelve month high of $23.00. The stock’s fifty day moving average price is $21.54 and its 200-day moving average price is $20.29.
Mexico Fund Announces Dividend
Institutional Investors Weigh In On Mexico Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. boosted its stake in Mexico Fund by 32.4% during the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after buying an additional 413,606 shares during the last quarter. Quantedge Capital Pte Ltd increased its stake in shares of Mexico Fund by 3.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after acquiring an additional 4,650 shares during the last quarter. North Ground Capital increased its stake in shares of Mexico Fund by 309.2% in the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after acquiring an additional 95,443 shares during the last quarter. Uhlmann Price Securities LLC raised its holdings in shares of Mexico Fund by 1.0% during the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after acquiring an additional 1,074 shares during the period. Finally, Verition Fund Management LLC raised its holdings in shares of Mexico Fund by 21.7% during the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after acquiring an additional 17,747 shares during the period.
Mexico Fund Company Profile
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
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.
