Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 28,464 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average cost of $21.02 per share, for a total transaction of $598,313.28. Following the completion of the acquisition, the insider directly owned 2,341,186 shares of the company’s stock, valued at approximately $49,211,729.72. This trade represents a 1.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Tuesday, September 22nd, Saba Capital Management, L.P. acquired 110 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.90 per share, with a total value of $2,299.00.
- On Monday, September 21st, Saba Capital Management, L.P. acquired 2,034 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.03 per share, for a total transaction of $42,775.02.
- On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.63 per share, for a total transaction of $132,093.89.
- On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The stock was 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 shares were acquired at an average cost of $21.41 per share, with a total value of $63,202.32.
- On Tuesday, August 4th, Saba Capital Management, L.P. bought 9,362 shares of Mexico Fund stock. The stock was purchased 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. bought 3,077 shares of Mexico Fund stock. The shares were acquired 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 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 shares were bought 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. bought 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.
Mexico Fund Trading Down 0.4%
NYSE MXF opened at $20.94 on Thursday. The firm’s 50 day moving average price is $21.54 and its two-hundred day moving average price is $21.51. Mexico Fund, Inc. has a twelve month low of $18.30 and a twelve month high of $23.00.
Mexico Fund Announces Dividend
Institutional Investors Weigh In On Mexico Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXF. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mexico Fund in the second quarter worth about $33,000. Uhlmann Price Securities LLC increased its position in shares of 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 worth $2,243,000 after acquiring an additional 2,013 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of 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 buying an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of 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 worth $105,000 after purchasing an additional 2,735 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Mexico Fund in the second quarter worth $215,000.
Mexico Fund Company Profile
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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