Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 5,117 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $21.60 per share, with a total value of $110,527.20. Following the completion of the acquisition, the insider owned 2,205,185 shares of the company’s stock, valued at $47,631,996. This represents a 0.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, June 12th, Saba Capital Management, L.P. bought 29,500 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.30 per share, with a total value of $657,850.00.
- On Wednesday, June 10th, Saba Capital Management, L.P. bought 11,081 shares of Mexico Fund stock. The stock was acquired 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. bought 3,600 shares of Mexico Fund stock. The stock was acquired 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. bought 19,906 shares of Mexico Fund stock. The stock was acquired 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. bought 32,102 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.61 per share, with a total value of $693,724.22.
- On Wednesday, June 3rd, Saba Capital Management, L.P. bought 31,949 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.16 per share, with a total value of $707,989.84.
- On Tuesday, June 2nd, Saba Capital Management, L.P. bought 9,633 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.24 per share, with a total value of $214,237.92.
- On Monday, June 1st, Saba Capital Management, L.P. acquired 708 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.90 per share, with a total value of $15,505.20.
- On Friday, May 29th, Saba Capital Management, L.P. acquired 18,466 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.17 per share, with a total value of $409,391.22.
- On Thursday, May 28th, Saba Capital Management, L.P. acquired 6,700 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.16 per share, with a total value of $148,472.00.
Mexico Fund Stock Down 0.1%
NYSE MXF traded down $0.01 on Monday, hitting $22.29. 36,620 shares of the stock were exchanged, compared to its average volume of 64,320. The stock has a fifty day moving average price of $21.75 and a two-hundred day moving average price of $21.22. Mexico Fund, Inc. has a 52-week low of $16.43 and a 52-week high of $23.00.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
Several institutional investors and hedge funds have recently made changes to their positions in MXF. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 1,194 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Mexico Fund by 109.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,735 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Mexico Fund during the third quarter worth about $265,000. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in 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 acquiring an additional 14,241 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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