Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 9,362 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $22.19 per share, with a total value of $207,742.78. Following the completion of the transaction, the insider directly owned 2,300,764 shares of the company’s stock, valued at approximately $51,053,953.16. This represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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, July 29th, Saba Capital Management, L.P. bought 3,077 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, with a total value of $65,663.18.
- On Tuesday, July 28th, Saba Capital Management, L.P. bought 2,608 shares of Mexico Fund stock. The shares were acquired at an average price of $21.56 per share, for a total transaction of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. purchased 7,623 shares of Mexico Fund stock. The stock was bought at an average cost of $21.80 per share, for a total transaction of $166,181.40.
- On Thursday, July 23rd, Saba Capital Management, L.P. purchased 414 shares of Mexico Fund stock. The stock was bought at an average cost of $21.11 per share, with a total value of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The stock was bought at an average cost of $21.52 per share, with a total value of $4,304.00.
- On Monday, July 20th, Saba Capital Management, L.P. acquired 7,631 shares of Mexico Fund stock. The shares were bought at an average price of $21.49 per share, with a total value of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The shares were bought at an average cost of $21.26 per share, for a total transaction of $11,097.72.
- On Tuesday, July 7th, Saba Capital Management, L.P. acquired 1,828 shares of Mexico Fund stock. The shares were bought at an average cost of $21.73 per share, for a total transaction of $39,722.44.
- On Wednesday, June 24th, Saba Capital Management, L.P. bought 5,100 shares of Mexico Fund stock. The stock was bought at an average price of $21.31 per share, for a total transaction of $108,681.00.
- On Tuesday, June 23rd, Saba Capital Management, L.P. bought 15,051 shares of Mexico Fund stock. The shares were bought at an average cost of $21.52 per share, with a total value of $323,897.52.
Mexico Fund Stock Performance
MXF opened at $21.88 on Friday. Mexico Fund, Inc. has a twelve month low of $17.81 and a twelve month high of $23.00. The company has a 50-day moving average price of $21.70 and a 200 day moving average price of $21.65.
Mexico Fund Announces Dividend
Hedge Funds Weigh In On Mexico Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. increased its position in shares of Mexico Fund by 32.4% during the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after purchasing an additional 413,606 shares in the last quarter. Marex Group plc purchased a new position in Mexico Fund in the 4th quarter valued at $1,926,000. North Ground Capital boosted its stake in Mexico Fund by 309.2% during the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 95,443 shares during the last quarter. Altium Capital Management LLC boosted its stake in Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares during the last quarter. Finally, Alpine Global Management LLC grew its holdings in shares of Mexico Fund by 356.7% during the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock worth $1,237,000 after buying an additional 47,979 shares in 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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