Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 19,906 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $21.64 per share, for a total transaction of $430,765.84. Following the completion of the purchase, the insider directly owned 2,185,387 shares of the company’s stock, valued at approximately $47,291,774.68. The trade was a 0.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Thursday, June 4th, Saba Capital Management, L.P. acquired 32,102 shares of Mexico Fund stock. The shares were bought at an average cost of $21.61 per share, for a total transaction of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. acquired 31,949 shares of Mexico Fund stock. The shares were bought 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 bought 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. acquired 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. acquired 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. acquired 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. acquired 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. acquired 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. acquired 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. acquired 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 Stock Performance
NYSE MXF traded down $0.03 on Monday, reaching $21.37. 5,997 shares of the company were exchanged, compared to its average volume of 64,886. The business’s fifty day moving average price is $21.67 and its 200 day moving average price is $21.13. Mexico Fund, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $23.00.
Mexico Fund Announces Dividend
Institutional Investors Weigh In On Mexico Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. raised its position in Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC raised its position in Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares during the period. Altium Capital Management LLC raised its position in Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares during the period. North Ground Capital raised its position in Mexico Fund by 309.2% in the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock valued at $2,544,000 after purchasing an additional 95,443 shares during the period. Finally, Uhlmann Price Securities LLC raised its position in Mexico Fund by 1.9% in the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after purchasing an additional 2,013 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.
Featured Stories
- Five stocks we like better than Mexico Fund
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
- 3 Multi-Metal Stocks for Income and Long-Term Growth
- Nebius Is Up Nearly 175% This Year—Here’s What’s Driving the Latest Run
- Technology Stocks Just Got Cheaper—Here Are 5 Mega-Caps Worth a Closer Look
Receive News & Ratings for Mexico Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Fund and related companies with MarketBeat.com's FREE daily email newsletter.
-ltd-logo-1200x675.png){kind=logo}
