Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 18,466 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average price of $22.17 per share, for a total transaction of $409,391.22. Following the purchase, the insider owned 2,091,089 shares in the company, valued at approximately $46,359,443.13. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, June 2nd, Saba Capital Management, L.P. acquired 9,633 shares of Mexico Fund stock. The stock was bought at an average price of $22.24 per share, for a total transaction of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. acquired 708 shares of Mexico Fund stock. The stock was bought at an average price of $21.90 per share, for a total transaction of $15,505.20.
- On Thursday, May 28th, Saba Capital Management, L.P. acquired 6,700 shares of Mexico Fund stock. The stock was bought at an average price of $22.16 per share, for a total transaction of $148,472.00.
- On Wednesday, May 27th, Saba Capital Management, L.P. acquired 44,608 shares of Mexico Fund stock. The stock was bought at an average price of $22.27 per share, for a total transaction of $993,420.16.
- On Tuesday, May 26th, Saba Capital Management, L.P. acquired 14,402 shares of Mexico Fund stock. The stock was bought at an average price of $21.99 per share, for a total transaction of $316,699.98.
- On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.67 per share, with a total value of $155,287.22.
- On Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.68 per share, with a total value of $99,944.80.
- On Tuesday, May 19th, Saba Capital Management, L.P. bought 22,914 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.58 per share, with a total value of $494,484.12.
- On Monday, May 18th, Saba Capital Management, L.P. bought 18,586 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.59 per share, with a total value of $401,271.74.
- On Friday, May 15th, Saba Capital Management, L.P. bought 8,334 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.00 per share, with a total value of $183,348.00.
Mexico Fund Price Performance
MXF stock opened at $22.15 on Thursday. Mexico Fund, Inc. has a 12 month low of $16.43 and a 12 month high of $23.00. The firm has a 50 day moving average of $21.62 and a two-hundred day moving average of $21.09.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
Several large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. grew its position in Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock worth $36,927,000 after acquiring an additional 73,032 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock worth $20,548,000 after acquiring an additional 27,983 shares in the last quarter. Altium Capital Management LLC grew its position in Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after acquiring an additional 79,898 shares in the last quarter. North Ground Capital grew its position in Mexico Fund by 309.2% in the fourth 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 in the last quarter. Finally, Uhlmann Price Securities LLC boosted its holdings in shares of Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after buying an additional 2,013 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.
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