Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,000 shares of Mexico Fund stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $22.01 per share, with a total value of $198,090.00. Following the completion of the transaction, the insider owned 1,897,047 shares in the company, valued at approximately $41,754,004.47. This trade represents a 0.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Wednesday, May 13th, Saba Capital Management, L.P. purchased 15,148 shares of Mexico Fund stock. The shares were bought at an average price of $22.13 per share, with a total value of $335,225.24.
- On Thursday, May 7th, Saba Capital Management, L.P. purchased 3,000 shares of Mexico Fund stock. The shares were bought 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. purchased 217 shares of Mexico Fund stock. The shares were bought 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. acquired 100,000 shares of Mexico Fund stock. The shares were bought 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. acquired 3,505 shares of Mexico Fund stock. The shares were bought 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. acquired 179 shares of Mexico Fund stock. The shares were bought 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. acquired 2,200 shares of Mexico Fund stock. The shares were 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. acquired 3,814 shares of Mexico Fund stock. The shares were bought at an average price of $21.23 per share, with a total value of $80,971.22.
- On Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The shares were bought at an average price of $21.28 per share, with a total value of $229,824.00.
- On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The shares were bought at an average price of $19.83 per share, with a total value of $56,931.93.
Mexico Fund Stock Performance
Shares of Mexico Fund stock opened at $22.01 on Friday. Mexico Fund, Inc. has a 1 year low of $15.98 and a 1 year high of $23.00. The business has a 50 day moving average price of $21.25 and a 200 day moving average price of $20.83.
Mexico Fund Dividend Announcement
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in 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 valued at $105,000 after acquiring an additional 2,735 shares during the last quarter. Alpine Global Management LLC acquired a new position in Mexico Fund in the 3rd quarter valued at $265,000. Calamos Advisors LLC raised its holdings in Mexico Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring 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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