Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $22.01 per share, for a total transaction of $198,090.00. Following the acquisition, the insider directly owned 1,897,047 shares of the company’s stock, valued at $41,754,004.47. This trade represents a 0.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 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, May 13th, Saba Capital Management, L.P. bought 15,148 shares of Mexico Fund stock. The shares were bought at an average price of $22.13 per share, for a total transaction of $335,225.24.
- On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.82 per share, for a total transaction of $65,460.00.
- On Friday, May 1st, Saba Capital Management, L.P. bought 217 shares of Mexico Fund stock. The shares were bought at an average price of $21.33 per share, for a total transaction of $4,628.61.
- On Wednesday, April 22nd, Saba Capital Management, L.P. bought 100,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.83 per share, for a total transaction of $2,183,000.00.
- On Tuesday, April 21st, Saba Capital Management, L.P. acquired 3,505 shares of Mexico Fund stock. The shares were acquired at an average price of $21.86 per share, for a total transaction of $76,619.30.
- On Friday, April 17th, Saba Capital Management, L.P. acquired 179 shares of Mexico Fund stock. The shares were acquired at an average price of $22.00 per share, for a total transaction of $3,938.00.
- On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The stock was purchased at an average price of $22.17 per share, with a total value of $48,774.00.
- On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The stock was purchased at an average price of $21.23 per share, with a total value of $80,971.22.
- On Thursday, April 2nd, Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock. The stock was purchased at an average price of $21.28 per share, with a total value of $229,824.00.
- On Friday, March 20th, Saba Capital Management, L.P. bought 2,871 shares of Mexico Fund stock. The stock was purchased at an average price of $19.83 per share, with a total value of $56,931.93.
Mexico Fund Price Performance
Shares of MXF traded up $0.13 during mid-day trading on Thursday, hitting $22.28. The stock had a trading volume of 14,100 shares, compared to its average volume of 66,086. The company’s fifty day simple moving average is $21.24 and its two-hundred day simple moving average is $20.81. Mexico Fund, Inc. has a fifty-two week low of $15.98 and a fifty-two week high of $23.00.
Mexico Fund Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in MXF. Farther Finance Advisors LLC raised its stake in shares of Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Mexico Fund by 109.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after acquiring an additional 2,735 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Mexico Fund during the 3rd quarter worth about $265,000. Calamos Advisors LLC lifted its position in shares of Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after purchasing an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 shares during 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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