Mexico Fund Inc. (NYSE:MXF), saw an insider raise his exposure to the company through a transaction initially filed on July 18th and completed today. Director Marc J. Shapiro rose his stake by purchasing 20,000 shares of common stock at prices ranging from $28.057 to $28.072 per share. Following this transaction, Shapiro now holds 34,642 shares directly, and has 44,642 shares indirectly invested in the company through a Family Trust.
Mexico Fund Inc. (NYSE:MXF) is a $418.87 million market cap company that operates as a closed-end, non-diversified management investment company. Fund’s investment objective is to seek long-term capital appreciation through investment in securities, primarily equity, listed on the Mexican Stock Exchange.
As the company itself operates as an investment group, there aren’t any hedge funds currently involved with the Mexico Fund Inc. (NYSE:MXF). However, other insiders have made similar moves to Shapiro as an Officer with the company bought 45,000 shares earlier this year.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.