Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 6,008 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was purchased at an average cost of $20.20 per share, with a total value of $121,361.60. Following the completion of the transaction, the insider owned 1,637,197 shares in the company, valued at $33,071,379.40. The trade was a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% 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 Friday, December 12th, Saba Capital Management, L.P. bought 9,400 shares of Mexico Fund stock. The shares were acquired at an average price of $19.91 per share, with a total value of $187,154.00.
- On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was bought at an average cost of $19.70 per share, with a total value of $19,700.00.
- On Tuesday, December 9th, Saba Capital Management, L.P. acquired 628 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.74 per share, with a total value of $12,396.72.
- On Monday, December 8th, Saba Capital Management, L.P. purchased 2,403 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.63 per share, for a total transaction of $47,170.89.
- On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The shares were acquired at an average price of $19.59 per share, for a total transaction of $303,488.28.
- On Thursday, December 4th, Saba Capital Management, L.P. bought 698 shares of Mexico Fund stock. The stock was bought at an average price of $19.58 per share, with a total value of $13,666.84.
- On Tuesday, December 2nd, Saba Capital Management, L.P. bought 299 shares of Mexico Fund stock. The shares were bought at an average cost of $19.44 per share, with a total value of $5,812.56.
- On Monday, December 1st, Saba Capital Management, L.P. acquired 10,902 shares of Mexico Fund stock. The shares were bought at an average price of $19.45 per share, with a total value of $212,043.90.
- On Tuesday, November 25th, Saba Capital Management, L.P. bought 1,869 shares of Mexico Fund stock. The stock was bought at an average cost of $19.10 per share, for a total transaction of $35,697.90.
- On Friday, November 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The stock was bought at an average price of $18.76 per share, for a total transaction of $3,752.00.
Mexico Fund Stock Up 0.5%
MXF stock opened at $20.15 on Tuesday. The firm’s 50-day simple moving average is $19.22 and its 200 day simple moving average is $18.38. Mexico Fund, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $20.45.
Mexico Fund Increases Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. SFI Advisors LLC increased its stake in Mexico Fund by 342.4% during the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock valued at $1,876,000 after buying an additional 102,015 shares during the period. Landscape Capital Management L.L.C. increased its stake in shares of Mexico Fund by 34.9% during the first quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company’s stock valued at $1,050,000 after acquiring an additional 19,109 shares during the period. Almitas Capital LLC raised its holdings in Mexico Fund by 8.3% during the first quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock worth $4,899,000 after purchasing an additional 26,418 shares in the last quarter. Uhlmann Price Securities LLC boosted its stake in Mexico Fund by 0.7% during the 2nd quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock valued at $1,783,000 after purchasing an additional 696 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake in Mexico Fund by 9.3% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after purchasing an additional 305,864 shares in the last quarter.
Mexico Fund Company Profile
The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.
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