Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $21.28 per share, with a total value of $229,824.00. Following the completion of the purchase, the insider directly owned 1,775,132 shares of the company’s stock, valued at approximately $37,774,808.96. The trade was a 0.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 Friday, March 20th, Saba Capital Management, L.P. purchased 2,871 shares of Mexico Fund stock. The shares were acquired at an average price of $19.83 per share, for a total transaction of $56,931.93.
- On Wednesday, March 18th, Saba Capital Management, L.P. purchased 5,000 shares of Mexico Fund stock. The shares were acquired at an average price of $20.38 per share, for a total transaction of $101,900.00.
- On Friday, March 13th, Saba Capital Management, L.P. acquired 2,600 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.21 per share, with a total value of $52,546.00.
- On Thursday, March 12th, Saba Capital Management, L.P. acquired 456 shares of Mexico Fund stock. The stock was acquired at an average price of $20.35 per share, with a total value of $9,279.60.
- On Tuesday, March 10th, Saba Capital Management, L.P. bought 1,005 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.94 per share, for a total transaction of $21,044.70.
- On Thursday, March 5th, Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, for a total transaction of $95,603.20.
- On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The shares were bought at an average price of $22.69 per share, for a total transaction of $728,938.94.
- On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The stock was bought at an average cost of $21.97 per share, with a total value of $68,436.55.
- On Monday, January 26th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.50 per share, with a total value of $21,500.00.
- On Wednesday, January 21st, Saba Capital Management, L.P. acquired 550 shares of Mexico Fund stock. The shares were bought at an average cost of $21.29 per share, for a total transaction of $11,709.50.
Mexico Fund Price Performance
Shares of NYSE MXF opened at $21.28 on Friday. The business’s 50-day simple moving average is $21.54 and its 200-day simple moving average is $20.31. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $23.00.
Mexico Fund Dividend Announcement
Institutional Trading of Mexico Fund
A number of institutional investors and hedge funds have recently modified their holdings of MXF. Farther Finance Advisors LLC boosted its holdings 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 worth $27,000 after buying an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC lifted 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 acquiring an additional 1,200 shares during the last quarter. Scotia Capital Inc. acquired a new position in Mexico Fund during the 2nd quarter worth $196,000. Alpine Global Management LLC bought a new stake in Mexico Fund during the third quarter valued at about $265,000. Finally, Calamos Advisors LLC boosted its holdings in Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the period.
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.
Further Reading
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