Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 4,133 shares of the stock in a transaction dated Monday, September 28th. The stock was acquired at an average cost of $20.74 per share, for a total transaction of $85,718.42. Following the purchase, the insider directly owned 2,347,202 shares in the company, valued at approximately $48,680,969.48. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more 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 Friday, September 25th, Saba Capital Management, L.P. bought 834 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.74 per share, with a total value of $17,297.16.
- On Thursday, September 24th, Saba Capital Management, L.P. bought 1,049 shares of Mexico Fund stock. The shares were acquired at an average price of $20.69 per share, with a total value of $21,703.81.
- On Wednesday, September 23rd, Saba Capital Management, L.P. purchased 28,464 shares of Mexico Fund stock. The stock was acquired at an average price of $21.02 per share, for a total transaction of $598,313.28.
- On Tuesday, September 22nd, Saba Capital Management, L.P. purchased 110 shares of Mexico Fund stock. The stock was acquired at an average price of $20.90 per share, for a total transaction of $2,299.00.
- On Monday, September 21st, Saba Capital Management, L.P. purchased 2,034 shares of Mexico Fund stock. The stock was bought at an average cost of $21.03 per share, for a total transaction of $42,775.02.
- On Wednesday, September 16th, Saba Capital Management, L.P. acquired 6,403 shares of Mexico Fund stock. The shares were bought at an average price of $20.63 per share, with a total value of $132,093.89.
- On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The stock was bought at an average cost of $20.89 per share, for a total transaction of $9,588.51.
- On Thursday, August 13th, Saba Capital Management, L.P. bought 2,952 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.41 per share, for a total transaction of $63,202.32.
- On Tuesday, August 4th, Saba Capital Management, L.P. bought 9,362 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.19 per share, for a total transaction of $207,742.78.
- On Wednesday, July 29th, Saba Capital Management, L.P. purchased 3,077 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, for a total transaction of $65,663.18.
Mexico Fund Trading Up 0.5%
NYSE:MXF traded up $0.10 on Tuesday, hitting $20.80. 12,278 shares of the company’s stock traded hands, compared to its average volume of 51,924. Mexico Fund, Inc. has a 1 year low of $18.30 and a 1 year high of $23.00. The firm has a 50-day moving average price of $21.49 and a 200-day moving average price of $21.51.
Mexico Fund Announces Dividend
Institutional Investors Weigh In On Mexico Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXF. Saba Capital Management L.P. grew its stake in Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after buying an additional 27,983 shares in the last quarter. Almitas Capital LLC bought a new position in Mexico Fund during the second quarter valued at approximately $3,736,000. North Ground Capital acquired a new stake in Mexico Fund in the second quarter valued at approximately $2,981,931. Finally, Altium Capital Management LLC lifted its stake in shares of Mexico Fund by 165.5% in the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares during the last quarter.
About Mexico Fund
Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.
The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.
Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.
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