Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 8,334 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $22.00 per share, with a total value of $183,348.00. Following the completion of the acquisition, the insider owned 1,953,637 shares in the company, valued at approximately $42,980,014. This represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 Thursday, May 14th, Saba Capital Management, L.P. acquired 33,108 shares of Mexico Fund stock. The shares were bought at an average cost of $22.00 per share, with a total value of $728,376.00.
- On Wednesday, May 13th, Saba Capital Management, L.P. acquired 15,148 shares of Mexico Fund stock. The shares were bought at an average cost of $22.13 per share, with a total value of $335,225.24.
- On Tuesday, May 12th, Saba Capital Management, L.P. acquired 9,000 shares of Mexico Fund stock. The shares were bought at an average cost of $22.01 per share, with a total value of $198,090.00.
- On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.82 per share, with a total value of $65,460.00.
- On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The shares were purchased at an average price of $21.33 per share, with a total value of $4,628.61.
- On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The shares were purchased at an average price of $21.83 per share, with a total value of $2,183,000.00.
- On Tuesday, April 21st, Saba Capital Management, L.P. bought 3,505 shares of Mexico Fund stock. The shares were purchased at an average price of $21.86 per share, with a total value of $76,619.30.
- On Friday, April 17th, Saba Capital Management, L.P. bought 179 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, with a total value of $3,938.00.
- On Wednesday, April 8th, Saba Capital Management, L.P. purchased 2,200 shares of Mexico Fund stock. The stock was bought at an average price of $22.17 per share, with a total value of $48,774.00.
- On Monday, April 6th, Saba Capital Management, L.P. purchased 3,814 shares of Mexico Fund stock. The stock was bought at an average price of $21.23 per share, with a total value of $80,971.22.
Mexico Fund Stock Performance
Shares of MXF opened at $21.66 on Tuesday. The business has a fifty day moving average of $21.26 and a 200 day moving average of $20.87. Mexico Fund, Inc. has a 52-week low of $16.10 and a 52-week high of $23.00.
Mexico Fund Dividend Announcement
Institutional Trading of Mexico Fund
A number of institutional investors have recently bought and sold shares of the stock. Uhlmann Price Securities LLC lifted its position in Mexico Fund by 1.0% in the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after buying an additional 1,074 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares during the last quarter. Calamos Advisors LLC lifted its position in Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after buying an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Mexico Fund by 109.4% in 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 buying an additional 2,735 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in Mexico Fund in the third quarter worth $265,000.
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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