Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 11,081 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of $21.39 per share, with a total value of $237,022.59. Following the transaction, the insider directly owned 2,200,068 shares in the company, valued at $47,059,454.52. This trade represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 Tuesday, June 9th, Saba Capital Management, L.P. purchased 3,600 shares of Mexico Fund stock. The stock was bought at an average price of $21.14 per share, with a total value of $76,104.00.
- On Friday, June 5th, Saba Capital Management, L.P. acquired 19,906 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.64 per share, with a total value of $430,765.84.
- On Thursday, June 4th, Saba Capital Management, L.P. acquired 32,102 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.61 per share, with a total value of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. acquired 31,949 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.16 per share, with a total value of $707,989.84.
- On Tuesday, June 2nd, Saba Capital Management, L.P. acquired 9,633 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.24 per share, with a total value of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. acquired 708 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.90 per share, with a total value of $15,505.20.
- On Friday, May 29th, Saba Capital Management, L.P. purchased 18,466 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.17 per share, with a total value of $409,391.22.
- On Thursday, May 28th, Saba Capital Management, L.P. purchased 6,700 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.16 per share, with a total value of $148,472.00.
- On Wednesday, May 27th, Saba Capital Management, L.P. purchased 44,608 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.27 per share, with a total value of $993,420.16.
- On Tuesday, May 26th, Saba Capital Management, L.P. purchased 14,402 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.99 per share, with a total value of $316,699.98.
Mexico Fund Stock Up 2.2%
MXF opened at $22.28 on Friday. Mexico Fund, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $23.00. The business has a 50-day moving average of $21.75 and a 200-day moving average of $21.20.
Mexico Fund Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MXF. Uhlmann Price Securities LLC raised its stake in shares of Mexico Fund by 2.5% in the 3rd quarter. Uhlmann Price Securities LLC now owns 104,067 shares of the investment management company’s stock valued at $2,050,000 after acquiring an additional 2,583 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of 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 acquiring an additional 14,241 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of 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 acquiring an additional 17,747 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Mexico Fund in the 3rd quarter valued at approximately $265,000. Finally, Farther Finance Advisors LLC grew 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 buying an additional 1,194 shares during the last quarter.
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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