Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 28,475 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average price of $20.22 per share, with a total value of $575,764.50. Following the transaction, the insider owned 1,675,072 shares of the company’s stock, valued at approximately $33,869,955.84. This represents a 1.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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. purchased 9,400 shares of Mexico Fund stock. The stock was acquired at an average price of $19.91 per share, for a total transaction of $187,154.00.
- On Thursday, December 11th, Saba Capital Management, L.P. acquired 6,008 shares of Mexico Fund stock. The stock was bought at an average price of $20.20 per share, for a total transaction of $121,361.60.
- On Wednesday, December 10th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.70 per share, for a total transaction of $19,700.00.
- On Tuesday, December 9th, Saba Capital Management, L.P. acquired 628 shares of Mexico Fund stock. The stock was acquired 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. acquired 2,403 shares of Mexico Fund stock. The shares were bought at an average cost of $19.63 per share, with a total value of $47,170.89.
- On Friday, December 5th, Saba Capital Management, L.P. purchased 15,492 shares of Mexico Fund stock. The stock was bought 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. purchased 698 shares of Mexico Fund stock. The shares were purchased 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. acquired 299 shares of Mexico Fund stock. The stock was purchased at an average price of $19.44 per share, for a total transaction of $5,812.56.
- On Monday, December 1st, Saba Capital Management, L.P. bought 10,902 shares of Mexico Fund stock. The shares were purchased 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 shares were acquired at an average cost of $19.10 per share, with a total value of $35,697.90.
Mexico Fund Trading Down 0.9%
NYSE MXF traded down $0.19 during mid-day trading on Tuesday, hitting $19.95. The company’s stock had a trading volume of 115,404 shares, compared to its average volume of 55,917. Mexico Fund, Inc. has a 52-week low of $13.10 and a 52-week high of $20.45. The stock’s fifty day simple moving average is $19.22 and its two-hundred day simple moving average is $18.38.
Mexico Fund Increases Dividend
Institutional Investors Weigh In On Mexico Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MXF. City of London Investment Management Co. Ltd. lifted its position in shares of Mexico Fund by 9.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after buying an additional 305,864 shares during the last quarter. SFI Advisors LLC raised its stake in Mexico Fund by 342.4% during the first quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock worth $1,876,000 after acquiring an additional 102,015 shares during the period. North Ground Capital bought a new position in Mexico Fund in the third quarter worth about $608,000. Almitas Capital LLC lifted its holdings in Mexico Fund by 8.3% in the first quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock worth $4,899,000 after acquiring an additional 26,418 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in Mexico Fund by 34.9% in 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.
About Mexico Fund
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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