Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 8,334 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $183,348.00. Following the completion of the transaction, the insider directly owned 1,953,637 shares of the company’s stock, valued at $42,980,014. This represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 stock was purchased 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 stock was purchased at an average price of $22.13 per share, with a total value of $335,225.24.
- On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.01 per share, for a total transaction of $198,090.00.
- On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.82 per share, for a total transaction of $65,460.00.
- On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $22.00 per share, with a total value of $3,938.00.
- On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.17 per share, with a total value of $48,774.00.
- On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.23 per share, with a total value of $80,971.22.
Mexico Fund Trading Up 0.1%
Shares of Mexico Fund stock traded up $0.03 during trading hours on Monday, hitting $21.66. 94,503 shares of the company’s stock traded hands, compared to its average volume of 67,429. Mexico Fund, Inc. has a 12-month low of $16.10 and a 12-month high of $23.00. The company has a fifty day simple moving average of $21.25 and a 200-day simple moving average of $20.85.
Mexico Fund Dividend Announcement
Institutional Investors Weigh In On Mexico Fund
Several large investors have recently made changes to their positions in MXF. Farther Finance Advisors LLC increased its position in shares of Mexico Fund by 775.3% during 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 during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,735 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Mexico Fund during the 3rd quarter valued at $265,000. Calamos Advisors LLC increased its position in shares of Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after purchasing an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in shares of Mexico Fund by 127.8% during the 3rd 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 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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