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 dated Friday, May 15th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $183,348.00. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, May 14th, Saba Capital Management, L.P. bought 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. purchased 15,148 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.13 per share, for a total transaction of $335,225.24.
- On Tuesday, May 12th, Saba Capital Management, L.P. purchased 9,000 shares of Mexico Fund stock. The stock was purchased at an average price of $22.01 per share, for a total transaction of $198,090.00.
- On Thursday, May 7th, Saba Capital Management, L.P. purchased 3,000 shares of Mexico Fund stock. The stock was purchased 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. acquired 217 shares of Mexico Fund stock. The stock was purchased 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. acquired 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. acquired 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 cost of $22.00 per share, for a total transaction of $3,938.00.
- On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.17 per share, for a total transaction of $48,774.00.
- On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $80,971.22.
Mexico Fund Price Performance
Shares of NYSE:MXF traded up $0.03 during trading on Monday, reaching $21.66. 94,503 shares of the stock were exchanged, compared to its average volume of 67,429. Mexico Fund, Inc. has a 1-year low of $16.10 and a 1-year high of $23.00. The stock has a fifty day moving average of $21.25 and a two-hundred day moving average of $20.85.
Mexico Fund Dividend Announcement
Hedge Funds Weigh In On Mexico Fund
Institutional investors have recently modified their holdings of the company. North Ground Capital purchased a new stake in shares of Mexico Fund in the third quarter worth approximately $608,000. Uhlmann Price Securities LLC boosted its position in shares of Mexico Fund by 2.5% during the third quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock valued at $2,050,000 after buying an additional 2,583 shares during the last quarter. Scotia Capital Inc. grew its holdings in Mexico Fund by 127.8% during the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after buying an additional 14,241 shares in the last quarter. Verition Fund Management LLC raised its position in Mexico Fund by 21.7% in the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after buying an additional 17,747 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new stake in Mexico Fund in the 3rd quarter valued at $265,000.
Mexico Fund Company Profile
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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