Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Acquires $95,603.20 in Stock

Mexico Fund, Inc. (The) (NYSE:MXFGet Free Report) major shareholder Saba Capital Management, L.P. purchased 4,480 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $21.34 per share, with a total value of $95,603.20. Following the acquisition, the insider directly owned 1,735,101 shares in the company, valued at approximately $37,027,055.34. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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, March 10th, Saba Capital Management, L.P. acquired 1,005 shares of Mexico Fund stock. The shares were bought at an average cost of $20.94 per share, for a total transaction of $21,044.70.
  • On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The stock was acquired at an average price of $22.69 per share, with a total value of $728,938.94.
  • On Thursday, January 29th, Saba Capital Management, L.P. acquired 3,115 shares of Mexico Fund stock. The shares were bought at an average price of $21.97 per share, for a total transaction of $68,436.55.
  • On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was bought at an average cost of $21.50 per share, for a total transaction of $21,500.00.
  • On Wednesday, January 21st, Saba Capital Management, L.P. bought 550 shares of Mexico Fund stock. The stock was bought at an average price of $21.29 per share, with a total value of $11,709.50.
  • On Monday, January 12th, Saba Capital Management, L.P. purchased 2,520 shares of Mexico Fund stock. The shares were bought at an average cost of $20.45 per share, with a total value of $51,534.00.
  • On Friday, January 9th, Saba Capital Management, L.P. purchased 10 shares of Mexico Fund stock. The shares were bought at an average cost of $20.24 per share, for a total transaction of $202.40.
  • On Tuesday, December 16th, Saba Capital Management, L.P. purchased 16,228 shares of Mexico Fund stock. The shares were bought at an average cost of $19.95 per share, for a total transaction of $323,748.60.
  • On Monday, December 15th, Saba Capital Management, L.P. purchased 28,475 shares of Mexico Fund stock. The stock was bought at an average price of $20.22 per share, for a total transaction of $575,764.50.
  • On Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The shares were bought at an average cost of $19.91 per share, with a total value of $187,154.00.

Mexico Fund Stock Performance

MXF stock opened at $20.83 on Thursday. The business has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $20.07. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $23.00.

Hedge Funds Weigh In On Mexico Fund

A number of large investors have recently modified their holdings of MXF. 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 valued at $27,000 after purchasing an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. Scotia Capital Inc. acquired a new stake in Mexico Fund during the 2nd quarter worth approximately $196,000. Alpine Global Management LLC purchased a new position in Mexico Fund in the third quarter valued at approximately $265,000. Finally, Calamos Advisors LLC raised its holdings in Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,535 shares during the period.

About Mexico Fund

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Mexico Fund (NYSE:MXF)

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