Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 18,586 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $21.59 per share, for a total transaction of $401,271.74. Following the completion of the purchase, the insider directly owned 1,972,223 shares in the company, valued at $42,580,294.57. The trade was a 0.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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, May 20th, Saba Capital Management, L.P. purchased 4,610 shares of Mexico Fund stock. The stock was bought at an average price of $21.68 per share, for a total transaction of $99,944.80.
- On Tuesday, May 19th, Saba Capital Management, L.P. purchased 22,914 shares of Mexico Fund stock. The stock was bought at an average price of $21.58 per share, for a total transaction of $494,484.12.
- On Friday, May 15th, Saba Capital Management, L.P. purchased 8,334 shares of Mexico Fund stock. The stock was bought at an average price of $22.00 per share, for a total transaction of $183,348.00.
- On Thursday, May 14th, Saba Capital Management, L.P. purchased 33,108 shares of Mexico Fund stock. The stock was bought at an average price of $22.00 per share, for a total transaction of $728,376.00.
- On Wednesday, May 13th, Saba Capital Management, L.P. purchased 15,148 shares of Mexico Fund stock. The stock was bought at an average price of $22.13 per share, for a total transaction of $335,225.24.
- On Tuesday, May 12th, Saba Capital Management, L.P. purchased 9,000 shares of Mexico Fund stock. The stock was bought at an average price 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 stock was bought 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. purchased 217 shares of Mexico Fund stock. The stock was bought at an average price of $21.33 per share, for a total transaction of $4,628.61.
- On Wednesday, April 22nd, Saba Capital Management, L.P. purchased 100,000 shares of Mexico Fund stock. The stock was bought at an average price of $21.83 per share, for a total transaction of $2,183,000.00.
- On Tuesday, April 21st, Saba Capital Management, L.P. purchased 3,505 shares of Mexico Fund stock. The stock was bought at an average price of $21.86 per share, for a total transaction of $76,619.30.
Mexico Fund Stock Performance
NYSE MXF opened at $21.65 on Friday. The company’s fifty day moving average is $21.30 and its two-hundred day moving average is $20.92. Mexico Fund, Inc. has a 52-week low of $16.22 and a 52-week high of $23.00.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of 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 in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Mexico Fund during the 3rd quarter valued at about $265,000. Calamos Advisors LLC boosted its position in shares of 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 position in shares of Mexico Fund by 127.8% during the 3rd 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 in the last quarter.
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.
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