Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 3,600 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $21.14 per share, for a total transaction of $76,104.00. Following the completion of the transaction, the insider owned 2,188,987 shares in the company, valued at approximately $46,275,185.18. The trade was a 0.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, June 10th, Saba Capital Management, L.P. bought 11,081 shares of Mexico Fund stock. The stock was bought at an average cost of $21.39 per share, for a total transaction of $237,022.59.
- On Friday, June 5th, Saba Capital Management, L.P. bought 19,906 shares of Mexico Fund stock. The stock was bought at an average cost of $21.64 per share, for a total transaction of $430,765.84.
- On Thursday, June 4th, Saba Capital Management, L.P. bought 32,102 shares of Mexico Fund stock. The stock was bought at an average cost of $21.61 per share, for a total transaction of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. bought 31,949 shares of Mexico Fund stock. The stock was bought at an average cost of $22.16 per share, for a total transaction of $707,989.84.
- On Tuesday, June 2nd, Saba Capital Management, L.P. purchased 9,633 shares of Mexico Fund stock. The shares were acquired at an average price of $22.24 per share, with a total value of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. purchased 708 shares of Mexico Fund stock. The shares were acquired at an average price of $21.90 per share, with a total value of $15,505.20.
- On Friday, May 29th, Saba Capital Management, L.P. purchased 18,466 shares of Mexico Fund stock. The shares were acquired at an average price of $22.17 per share, with a total value of $409,391.22.
- On Thursday, May 28th, Saba Capital Management, L.P. purchased 6,700 shares of Mexico Fund stock. The shares were acquired at an average price of $22.16 per share, with a total value of $148,472.00.
- On Wednesday, May 27th, Saba Capital Management, L.P. purchased 44,608 shares of Mexico Fund stock. The shares were acquired at an average price of $22.27 per share, with a total value of $993,420.16.
- On Tuesday, May 26th, Saba Capital Management, L.P. purchased 14,402 shares of Mexico Fund stock. The shares were acquired at an average price of $21.99 per share, with a total value of $316,699.98.
Mexico Fund Trading Up 3.3%
Shares of NYSE:MXF opened at $21.73 on Friday. The firm has a fifty day moving average price of $21.73 and a 200 day moving average price of $21.20. Mexico Fund, Inc. has a 1-year low of $16.43 and a 1-year high of $23.00.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of 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 worth $105,000 after acquiring an additional 2,735 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Mexico Fund in the 3rd quarter worth $265,000. Calamos Advisors LLC lifted its stake in shares of Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after acquiring an additional 4,563 shares during the period. Finally, Scotia Capital Inc. lifted its stake in shares of Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 14,241 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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