Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 28,464 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average price of $21.02 per share, for a total transaction of $598,313.28. Following the acquisition, the insider owned 2,341,186 shares in the company, valued at approximately $49,211,729.72. The trade was a 1.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major 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, September 22nd, Saba Capital Management, L.P. bought 110 shares of Mexico Fund stock. The stock was purchased at an average price of $20.90 per share, with a total value of $2,299.00.
- On Monday, September 21st, Saba Capital Management, L.P. bought 2,034 shares of Mexico Fund stock. The shares were acquired at an average price of $21.03 per share, with a total value of $42,775.02.
- On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.63 per share, for a total transaction of $132,093.89.
- On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The stock was acquired at an average price of $20.89 per share, for a total transaction of $9,588.51.
- On Thursday, August 13th, Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.41 per share, with a total value of $63,202.32.
- On Tuesday, August 4th, Saba Capital Management, L.P. purchased 9,362 shares of Mexico Fund stock. The stock was bought at an average price of $22.19 per share, with a total value of $207,742.78.
- On Wednesday, July 29th, Saba Capital Management, L.P. bought 3,077 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, for a total transaction of $65,663.18.
- On Tuesday, July 28th, Saba Capital Management, L.P. bought 2,608 shares of Mexico Fund stock. The stock was purchased at an average price of $21.56 per share, for a total transaction of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. acquired 7,623 shares of Mexico Fund stock. The stock was purchased 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. bought 414 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.11 per share, with a total value of $8,739.54.
Mexico Fund Stock Down 0.4%
Shares of MXF opened at $20.94 on Thursday. The stock’s fifty day simple moving average is $21.54 and its 200 day simple moving average is $21.51. Mexico Fund, Inc. has a twelve month low of $18.30 and a twelve month high of $23.00.
Mexico Fund Dividend Announcement
Hedge Funds Weigh In On Mexico Fund
A number of institutional investors and hedge funds have recently bought and sold shares of MXF. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Mexico Fund in the 2nd quarter worth $33,000. Uhlmann Price Securities LLC lifted its position in shares of Mexico Fund by 1.9% in the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after acquiring an additional 2,013 shares in the last quarter. Calamos Advisors LLC boosted its position in Mexico Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after purchasing an additional 2,535 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in shares of Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,735 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Mexico Fund in the second quarter valued at approximately $215,000.
Mexico Fund Company Profile
Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.
The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.
Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.
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