Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,362 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $22.19 per share, with a total value of $207,742.78. Following the completion of the acquisition, the insider directly owned 2,300,764 shares of the company’s stock, valued at $51,053,953.16. This trade represents a 0.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 29th, Saba Capital Management, L.P. acquired 3,077 shares of Mexico Fund stock. The shares were purchased 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 shares were purchased at an average cost of $21.56 per share, with a total value of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. bought 7,623 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.80 per share, with a total value of $166,181.40.
- On Thursday, July 23rd, Saba Capital Management, L.P. bought 414 shares of Mexico Fund stock. The stock was purchased at an average price of $21.11 per share, with a total value of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.52 per share, for a total transaction of $4,304.00.
- On Monday, July 20th, Saba Capital Management, L.P. purchased 7,631 shares of Mexico Fund stock. The shares were purchased at an average price of $21.49 per share, for a total transaction of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.26 per share, with a total value of $11,097.72.
- On Tuesday, July 7th, Saba Capital Management, L.P. acquired 1,828 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.73 per share, with a total value of $39,722.44.
- On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The stock was purchased at an average price of $21.31 per share, with a total value of $108,681.00.
- On Tuesday, June 23rd, Saba Capital Management, L.P. bought 15,051 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.52 per share, for a total transaction of $323,897.52.
Mexico Fund Stock Performance
NYSE:MXF opened at $21.88 on Friday. Mexico Fund, Inc. has a 52 week low of $17.81 and a 52 week high of $23.00. The stock’s 50-day moving average price is $21.70 and its 200-day moving average price is $21.65.
Mexico Fund Dividend Announcement
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Beverly Hills Private Wealth LLC purchased a new position in shares of Mexico Fund during the 2nd quarter valued at approximately $802,000. Saba Capital Management L.P. raised its position in Mexico Fund by 4.3% during 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 during the period. Allspring Global Investments Holdings LLC raised its position in Mexico Fund by 2.9% during 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 during the period. Calamos Advisors LLC lifted its holdings in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Altium Capital Management LLC lifted its holdings in Mexico Fund by 165.5% during the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares in 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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