Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,049 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were purchased at an average cost of $20.69 per share, for a total transaction of $21,703.81. Following the completion of the purchase, the insider owned 2,342,235 shares in the company, valued at approximately $48,460,842.15. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Monday, September 28th, Saba Capital Management, L.P. bought 4,133 shares of Mexico Fund stock. The stock was acquired at an average price of $20.74 per share, with a total value of $85,718.42.
- On Friday, September 25th, Saba Capital Management, L.P. purchased 834 shares of Mexico Fund stock. The shares were acquired at an average price of $20.74 per share, for a total transaction of $17,297.16.
- On Wednesday, September 23rd, Saba Capital Management, L.P. purchased 28,464 shares of Mexico Fund stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $20.90 per share, for a total transaction of $2,299.00.
- On Monday, September 21st, Saba Capital Management, L.P. acquired 2,034 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.03 per share, with a total value of $42,775.02.
- On Wednesday, September 16th, Saba Capital Management, L.P. acquired 6,403 shares of Mexico Fund stock. The shares were acquired 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. bought 459 shares of Mexico Fund stock. The shares were acquired 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 acquired at an average price 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 stock was acquired at an average price 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 stock was bought at an average cost of $21.34 per share, with a total value of $65,663.18.
Mexico Fund Stock Performance
MXF stock opened at $20.39 on Thursday. The firm has a 50 day simple moving average of $21.44 and a 200 day simple moving average of $21.51. Mexico Fund, Inc. has a 52 week low of $18.30 and a 52 week high of $23.00.
Mexico Fund Announces Dividend
Hedge Funds Weigh In On Mexico Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mexico Fund during the 2nd quarter valued at $33,000. Uhlmann Price Securities LLC raised its holdings in shares of Mexico Fund by 1.9% during the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after acquiring an additional 2,013 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after acquiring an additional 2,535 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Mexico Fund during the second quarter valued at $215,000. Finally, Evolve Private Wealth LLC acquired a new stake in Mexico Fund during the second quarter valued at $278,000.
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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