Saba Capital Management, L.P. Buys 1,000 Shares of Mexico Fund (NYSE:MXF) Stock

by · The Cerbat Gem

Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $19.70 per share, for a total transaction of $19,700.00. Following the transaction, the insider directly owned 1,631,189 shares in the company, valued at $32,134,423.30. This trade represents a 0.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% 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, December 9th, Saba Capital Management, L.P. acquired 628 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.74 per share, for a total transaction of $12,396.72.
  • On Monday, December 8th, Saba Capital Management, L.P. purchased 2,403 shares of Mexico Fund stock. The shares were bought 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. purchased 15,492 shares of Mexico Fund stock. The stock was bought at an average price of $19.59 per share, with a total value of $303,488.28.
  • On Thursday, December 4th, Saba Capital Management, L.P. acquired 698 shares of Mexico Fund stock. The shares were bought at an average cost of $19.58 per share, for a total transaction of $13,666.84.
  • On Tuesday, December 2nd, Saba Capital Management, L.P. bought 299 shares of Mexico Fund stock. The stock was 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. purchased 10,902 shares of Mexico Fund stock. The stock was purchased at an average price of $19.45 per share, for a total transaction of $212,043.90.
  • On Tuesday, November 25th, Saba Capital Management, L.P. acquired 1,869 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.10 per share, with a total value of $35,697.90.
  • On Friday, November 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were purchased at an average cost of $18.76 per share, with a total value of $3,752.00.
  • On Tuesday, November 18th, Saba Capital Management, L.P. bought 47,273 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.15 per share, for a total transaction of $905,277.95.
  • On Monday, November 17th, Saba Capital Management, L.P. purchased 13,451 shares of Mexico Fund stock. The stock was purchased at an average price of $18.94 per share, with a total value of $254,761.94.

Mexico Fund Trading Up 1.8%

Shares of NYSE:MXF traded up $0.36 during midday trading on Thursday, hitting $20.06. 10,575 shares of the stock were exchanged, compared to its average volume of 55,064. Mexico Fund, Inc. has a twelve month low of $13.10 and a twelve month high of $20.14. The company has a 50 day moving average price of $19.16 and a 200-day moving average price of $18.29.

Institutional Trading of Mexico Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Scotia Capital Inc. purchased a new position in Mexico Fund during the second quarter worth $196,000. Alpine Global Management LLC acquired a new position in shares of Mexico Fund in the third quarter worth $265,000. Calamos Advisors LLC boosted its stake in shares of Mexico Fund by 21.7% during the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the last quarter. Finally, North Ground Capital purchased a new stake in Mexico Fund during the 3rd quarter worth about $608,000.

About Mexico Fund

(Get Free Report)

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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