Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,600 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $21.14 per share, for a total transaction of $76,104.00. Following the acquisition, the insider owned 2,188,987 shares of the company’s stock, valued at approximately $46,275,185.18. The trade was a 0.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.39 per share, for a total transaction of $237,022.59.
- On Friday, June 5th, Saba Capital Management, L.P. acquired 19,906 shares of Mexico Fund stock. The shares were bought at an average price of $21.64 per share, for a total transaction of $430,765.84.
- On Thursday, June 4th, Saba Capital Management, L.P. acquired 32,102 shares of Mexico Fund stock. The shares were bought at an average price 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 price 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 price 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 price 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 price 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 price 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 price 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 price of $21.99 per share, for a total transaction of $316,699.98.
Mexico Fund Price Performance
Shares of NYSE MXF traded up $0.16 during mid-day trading on Thursday, reaching $21.20. 17,767 shares of the company traded hands, compared to its average volume of 64,275. Mexico Fund, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $23.00. The stock has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $21.18.
Mexico Fund Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Altium Capital Management LLC acquired a new position in Mexico Fund in the fourth quarter worth approximately $972,000. Allspring Global Investments Holdings LLC grew 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 worth $20,548,000 after buying an additional 27,983 shares during the last quarter. Calamos Advisors LLC raised its holdings in Mexico Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after buying an additional 2,535 shares during the period. Uhlmann Price Securities LLC raised its holdings in Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after buying an additional 2,013 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in Mexico Fund by 144.8% during the 4th quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock worth $1,000,000 after buying an additional 29,377 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.
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