Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock in a transaction dated Tuesday, July 7th. The stock was bought at an average price of $21.73 per share, for a total transaction of $39,722.44. Following the completion of the purchase, the insider owned 2,261,962 shares in the company, valued at $49,152,434.26. This represents a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The shares were bought at an average price of $21.26 per share, with a total value of $11,097.72.
- On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The stock was bought 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. acquired 15,051 shares of Mexico Fund stock. The stock was bought 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 stock was bought 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. bought 4,037 shares of Mexico Fund stock. The shares were bought at an average cost of $22.23 per share, for a total transaction of $89,742.51.
- On Friday, June 12th, Saba Capital Management, L.P. purchased 29,500 shares of Mexico Fund stock. The shares were bought at an average price of $22.30 per share, with a total value of $657,850.00.
- On Thursday, June 11th, Saba Capital Management, L.P. purchased 5,117 shares of Mexico Fund stock. The stock was purchased at an average price of $21.60 per share, with a total value of $110,527.20.
- On Wednesday, June 10th, Saba Capital Management, L.P. bought 11,081 shares of Mexico Fund stock. The stock was purchased at an average price of $21.39 per share, with a total value of $237,022.59.
- On Tuesday, June 9th, Saba Capital Management, L.P. bought 3,600 shares of Mexico Fund stock. The shares were bought at an average cost 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 bought at an average price of $21.64 per share, for a total transaction of $430,765.84.
Mexico Fund Trading Down 0.4%
Shares of NYSE:MXF traded down $0.08 during trading on Thursday, reaching $21.39. The stock had a trading volume of 31,675 shares, compared to its average volume of 60,377. Mexico Fund, Inc. has a 52 week low of $16.57 and a 52 week high of $23.00. The firm’s fifty day moving average is $21.77 and its 200 day moving average is $21.49.
Mexico Fund Dividend Announcement
Institutional Trading of Mexico Fund
Several institutional investors and hedge funds have recently modified their holdings of MXF. Farther Finance Advisors LLC boosted its position 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 valued at $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in Mexico Fund by 109.4% in 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 buying an additional 2,735 shares during the last quarter. Alpine Global Management LLC bought a new position in Mexico Fund during the 3rd quarter valued at $265,000. Calamos Advisors LLC lifted its stake in Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after acquiring an additional 14,241 shares during the last quarter.
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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