Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 6,403 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $20.63 per share, with a total value of $132,093.89. Following the purchase, the insider directly owned 2,310,578 shares in the company, valued at approximately $47,667,224.14. This trade represents a 0.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Tuesday, September 15th, Saba Capital Management, L.P. acquired 459 shares of Mexico Fund stock. The shares were bought at an average cost of $20.89 per share, with a total value 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. purchased 9,362 shares of Mexico Fund stock. The stock was purchased at an average price of $22.19 per share, with a total value of $207,742.78.
- On Wednesday, July 29th, Saba Capital Management, L.P. purchased 3,077 shares of Mexico Fund stock. The shares were purchased at an average price of $21.34 per share, with a total value of $65,663.18.
- On Tuesday, July 28th, Saba Capital Management, L.P. acquired 2,608 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.56 per share, for a total transaction of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. acquired 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, for a total transaction of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The shares were 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. bought 7,631 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.49 per share, for a total transaction of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. bought 522 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.26 per share, for a total transaction of $11,097.72.
Mexico Fund Stock Performance
Mexico Fund stock opened at $21.02 on Friday. The stock’s fifty day moving average is $21.57 and its two-hundred day moving average is $21.53. Mexico Fund, Inc. has a 1-year low of $18.30 and a 1-year high of $23.00.
Mexico Fund Announces Dividend
Institutional Trading of Mexico Fund
Several institutional investors have recently modified their holdings of MXF. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mexico Fund in the 2nd quarter valued at $33,000. Uhlmann Price Securities LLC lifted its position in Mexico Fund by 1.9% in the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after acquiring an additional 2,013 shares during the last quarter. Calamos Advisors LLC lifted its position in Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after acquiring an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted 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 acquiring an additional 2,735 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Mexico Fund in the second quarter valued at $215,000.
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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