Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 9,362 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $22.19 per share, for a total transaction of $207,742.78. Following the completion of the transaction, the insider owned 2,300,764 shares of the company’s stock, valued at approximately $51,053,953.16. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% 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 Wednesday, July 29th, Saba Capital Management, L.P. acquired 3,077 shares of Mexico Fund stock. The stock was 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. bought 2,608 shares of Mexico Fund stock. The stock was bought at an average price of $21.56 per share, with a total value of $56,228.48.
- On Wednesday, July 22nd, Saba Capital Management, L.P. bought 7,623 shares of Mexico Fund stock. The stock was bought at an average price of $21.80 per share, with a total value of $166,181.40.
- On Thursday, July 23rd, Saba Capital Management, L.P. bought 414 shares of Mexico Fund stock. The shares were bought at an average cost of $21.11 per share, for a total transaction of $8,739.54.
- On Tuesday, July 21st, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $4,304.00.
- On Monday, July 20th, Saba Capital Management, L.P. purchased 7,631 shares of Mexico Fund stock. The stock was bought at an average price of $21.49 per share, with a total value of $163,990.19.
- On Wednesday, July 8th, Saba Capital Management, L.P. purchased 522 shares of Mexico Fund stock. The stock was bought at an average price of $21.26 per share, with a total value of $11,097.72.
- On Tuesday, July 7th, Saba Capital Management, L.P. acquired 1,828 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.73 per share, with a total value of $39,722.44.
- On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The shares were purchased at an average price of $21.31 per share, for a total transaction of $108,681.00.
- On Tuesday, June 23rd, Saba Capital Management, L.P. bought 15,051 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.52 per share, for a total transaction of $323,897.52.
Mexico Fund Price Performance
Shares of Mexico Fund stock traded up $0.21 during trading on Thursday, hitting $21.97. The stock had a trading volume of 6,140 shares, compared to its average volume of 57,216. The firm’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $21.65. Mexico Fund, Inc. has a 12 month low of $17.81 and a 12 month high of $23.00.
Mexico Fund Announces Dividend
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Saba Capital Management L.P. increased its stake in Mexico Fund by 32.4% in the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after buying an additional 413,606 shares during the period. Marex Group plc purchased a new stake in shares of Mexico Fund in the fourth quarter valued at approximately $1,926,000. North Ground Capital grew its stake in Mexico Fund by 309.2% in the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 95,443 shares in the last quarter. Altium Capital Management LLC increased its holdings in Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 79,898 shares during the period. Finally, Alpine Global Management LLC raised its position in Mexico Fund by 356.7% during the 4th quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock valued at $1,237,000 after purchasing an additional 47,979 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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