Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,952 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $21.41 per share, for a total transaction of $63,202.32. Following the acquisition, the insider directly owned 2,303,716 shares in the company, valued at $49,322,559.56. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Tuesday, August 4th, Saba Capital Management, L.P. bought 9,362 shares of Mexico Fund stock. The shares were bought at an average cost of $22.19 per share, with a total value of $207,742.78.
- On Wednesday, July 29th, Saba Capital Management, L.P. bought 3,077 shares of Mexico Fund stock. The shares were bought 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. purchased 2,608 shares of Mexico Fund stock. The shares were bought 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 purchased 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. acquired 414 shares of Mexico Fund stock. The stock was purchased at an average price of $21.11 per share, with a total value of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The stock was purchased at an average price 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 purchased at an average cost of $21.49 per share, with a total value of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. bought 522 shares of Mexico Fund stock. The shares were purchased 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. bought 1,828 shares of Mexico Fund stock. The stock was purchased at an average price 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 purchased at an average price of $21.31 per share, for a total transaction of $108,681.00.
Mexico Fund Stock Down 0.6%
NYSE:MXF traded down $0.13 during trading hours on Monday, hitting $21.37. The stock had a trading volume of 11,607 shares, compared to its average volume of 56,275. The company has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $21.67. Mexico Fund, Inc. has a one year low of $17.81 and a one year high of $23.00.
Mexico Fund Announces Dividend
Hedge Funds Weigh In On Mexico Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 1,194 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mexico Fund in the 2nd quarter valued at about $33,000. Blue Bell Private Wealth Management LLC boosted its position 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 valued at $105,000 after acquiring an additional 2,735 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in shares of Mexico Fund during the 2nd quarter valued at about $278,000. Finally, Calamos Advisors LLC grew its holdings 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 purchasing an additional 4,563 shares in the last quarter.
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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