Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 5,100 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were acquired at an average price of $21.31 per share, with a total value of $108,681.00. Following the transaction, the insider owned 2,260,134 shares of the company’s stock, valued at $48,163,455.54. The trade was a 0.23% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, June 23rd, Saba Capital Management, L.P. purchased 15,051 shares of Mexico Fund stock. The stock was acquired at an average price of $21.52 per share, for a total transaction of $323,897.52.
- On Thursday, June 18th, Saba Capital Management, L.P. acquired 1,261 shares of Mexico Fund stock. The shares were acquired 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. bought 29,500 shares of Mexico Fund stock. The stock was 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. bought 5,117 shares of Mexico Fund stock. The shares were bought at an average price of $21.60 per share, for a total transaction of $110,527.20.
- On Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The shares were bought at an average cost of $21.39 per share, with a total value of $237,022.59.
- On Tuesday, June 9th, Saba Capital Management, L.P. purchased 3,600 shares of Mexico Fund stock. The stock was 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. purchased 19,906 shares of Mexico Fund stock. The stock was 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. acquired 32,102 shares of Mexico Fund stock. The stock was 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 cost of $22.16 per share, for a total transaction of $707,989.84.
Mexico Fund Trading Down 0.4%
Mexico Fund stock opened at $21.62 on Friday. The stock has a 50-day moving average price of $21.77 and a 200 day moving average price of $21.38. Mexico Fund, Inc. has a 52 week low of $16.57 and a 52 week high of $23.00.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
A number of hedge funds have recently bought and sold shares of the company. Scotia Capital Inc. grew its stake 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 worth $500,000 after acquiring an additional 14,241 shares during the period. Verition Fund Management LLC lifted its stake in shares of Mexico Fund by 21.7% during the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock worth $1,960,000 after purchasing an additional 17,747 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Mexico Fund during the third quarter worth $265,000. Uhlmann Price Securities LLC boosted its holdings in shares of Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Mexico Fund by 775.3% in the fourth 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 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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