Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 15,051 shares of Mexico Fund stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $21.52 per share, with a total value of $323,897.52. Following the completion of the purchase, the insider owned 2,255,034 shares in the company, valued at approximately $48,528,331.68. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, June 24th, Saba Capital Management, L.P. purchased 5,100 shares of Mexico Fund stock. The stock was bought at an average cost of $21.31 per share, for a total transaction of $108,681.00.
- On Thursday, June 18th, Saba Capital Management, L.P. purchased 1,261 shares of Mexico Fund stock. The stock was bought at an average cost of $22.19 per share, with a total value of $27,981.59.
- On Wednesday, June 17th, Saba Capital Management, L.P. acquired 4,037 shares of Mexico Fund stock. The shares were bought at an average price of $22.23 per share, with a total value of $89,742.51.
- On Friday, June 12th, Saba Capital Management, L.P. acquired 29,500 shares of Mexico Fund stock. The shares were bought at an average cost of $22.30 per share, for a total transaction of $657,850.00.
- On Thursday, June 11th, Saba Capital Management, L.P. acquired 5,117 shares of Mexico Fund stock. The shares were bought at an average cost of $21.60 per share, for a total transaction of $110,527.20.
- On Wednesday, June 10th, Saba Capital Management, L.P. bought 11,081 shares of Mexico Fund stock. The stock was bought at an average price of $21.39 per share, for a total transaction of $237,022.59.
- On Tuesday, June 9th, Saba Capital Management, L.P. bought 3,600 shares of Mexico Fund stock. The shares were bought at an average cost of $21.14 per share, with a total value of $76,104.00.
- On Friday, June 5th, Saba Capital Management, L.P. bought 19,906 shares of Mexico Fund stock. The shares were bought 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. purchased 32,102 shares of Mexico Fund stock. The shares were bought at an average price of $21.61 per share, with a total value of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. purchased 31,949 shares of Mexico Fund stock. The stock was bought at an average cost of $22.16 per share, for a total transaction of $707,989.84.
Mexico Fund Trading Down 0.4%
MXF stock opened at $21.62 on Friday. Mexico Fund, Inc. has a 12-month low of $16.57 and a 12-month high of $23.00. The business’s 50-day moving average is $21.77 and its 200 day moving average is $21.38.
Mexico Fund Dividend Announcement
Institutional Trading of Mexico Fund
Large investors have recently made changes to their positions in the company. Saba Capital Management L.P. raised its stake in Mexico Fund by 32.4% in the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock valued at $34,063,000 after purchasing an additional 413,606 shares during the last quarter. Marex Group plc purchased a new stake in shares of Mexico Fund during the fourth quarter worth $1,926,000. North Ground Capital grew its holdings in shares of Mexico Fund by 309.2% during the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after buying an additional 95,443 shares in the last quarter. Altium Capital Management LLC raised its position in shares of 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 buying an additional 79,898 shares during the last quarter. Finally, Alpine Global Management LLC raised its position in shares of Mexico Fund by 356.7% in the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock valued at $1,237,000 after buying an additional 47,979 shares during 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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