Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 32,102 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $693,724.22. Following the acquisition, the insider directly owned 2,165,481 shares of the company’s stock, valued at $46,796,044.41. The trade was a 1.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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, June 5th, Saba Capital Management, L.P. acquired 19,906 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.64 per share, for a total transaction of $430,765.84.
- On Wednesday, June 3rd, Saba Capital Management, L.P. acquired 31,949 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.16 per share, for a total transaction of $707,989.84.
- On Tuesday, June 2nd, Saba Capital Management, L.P. acquired 9,633 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.24 per share, for a total transaction of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. purchased 708 shares of Mexico Fund stock. The shares were bought at an average cost of $21.90 per share, for a total transaction of $15,505.20.
- On Friday, May 29th, Saba Capital Management, L.P. purchased 18,466 shares of Mexico Fund stock. The shares were bought at an average cost of $22.17 per share, for a total transaction of $409,391.22.
- On Thursday, May 28th, Saba Capital Management, L.P. purchased 6,700 shares of Mexico Fund stock. The shares were bought at an average cost of $22.16 per share, for a total transaction of $148,472.00.
- On Wednesday, May 27th, Saba Capital Management, L.P. purchased 44,608 shares of Mexico Fund stock. The shares were bought at an average cost of $22.27 per share, for a total transaction of $993,420.16.
- On Tuesday, May 26th, Saba Capital Management, L.P. purchased 14,402 shares of Mexico Fund stock. The shares were bought at an average cost of $21.99 per share, for a total transaction of $316,699.98.
- On Thursday, May 21st, Saba Capital Management, L.P. purchased 7,166 shares of Mexico Fund stock. The shares were bought at an average cost of $21.67 per share, for a total transaction of $155,287.22.
- On Wednesday, May 20th, Saba Capital Management, L.P. purchased 4,610 shares of Mexico Fund stock. The shares were bought at an average cost of $21.68 per share, for a total transaction of $99,944.80.
Mexico Fund Price Performance
NYSE MXF opened at $21.12 on Wednesday. Mexico Fund, Inc. has a 52-week low of $16.43 and a 52-week high of $23.00. The business’s 50-day moving average price is $21.70 and its 200 day moving average price is $21.16.
Mexico Fund Dividend Announcement
Hedge Funds Weigh In On Mexico Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted 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 purchasing an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted 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 purchasing an additional 2,735 shares in the last quarter. Alpine Global Management LLC purchased a new stake in Mexico Fund in the 3rd quarter valued at approximately $265,000. Calamos Advisors LLC boosted 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 purchasing an additional 4,563 shares in the last quarter. Finally, Scotia Capital Inc. boosted 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 purchasing an additional 14,241 shares in 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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