Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 1,573 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 1,573 shares of the stock in a transaction dated Friday, October 2nd. The shares were bought at an average cost of $19.74 per share, for a total transaction of $31,051.02. Following the completion of the purchase, the insider owned 2,367,934 shares in the company, valued at approximately $46,743,017.16. This trade represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Thursday, October 1st, Saba Capital Management, L.P. acquired 17,921 shares of Mexico Fund stock. The stock was bought at an average price of $20.00 per share, with a total value of $358,420.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. acquired 1,238 shares of Mexico Fund stock. The shares were bought at an average cost of $20.39 per share, for a total transaction of $25,242.82.
• On Monday, September 28th, Saba Capital Management, L.P. bought 4,133 shares of Mexico Fund stock. The shares were bought at an average price of $20.74 per share, for a total transaction of $85,718.42.
• On Friday, September 25th, Saba Capital Management, L.P. bought 834 shares of Mexico Fund stock. The shares were bought at an average price of $20.74 per share, for a total transaction of $17,297.16.
• On Thursday, September 24th, Saba Capital Management, L.P. bought 1,049 shares of Mexico Fund stock. The stock was bought at an average cost of $20.69 per share, with a total value of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. acquired 28,464 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.02 per share, with a total value of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. purchased 110 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.90 per share, with a total value of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. acquired 2,034 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.03 per share, for a total transaction of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. bought 6,403 shares of Mexico Fund stock. The shares were acquired at an average price of $20.63 per share, with a total value of $132,093.89.
• On Tuesday, September 15th, Saba Capital Management, L.P. bought 459 shares of Mexico Fund stock. The shares were acquired at an average price of $20.89 per share, with a total value of $9,588.51.

Mexico Fund Stock Up 0.6%

Shares of NYSE MXF opened at $20.04 on Tuesday. Mexico Fund, Inc. has a 12-month low of $18.30 and a 12-month high of $23.00. The firm’s 50-day moving average is $21.36 and its two-hundred day moving average is $21.50.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, October 21st.

Institutional Investors Weigh In On Mexico Fund

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Mexico Fund during the second quarter worth $33,000. Susquehanna International Group LLP acquired a new stake in shares of Mexico Fund during the second quarter valued at $215,000. Evolve Private Wealth LLC purchased a new stake in Mexico Fund during the 2nd quarter worth about $278,000. Calamos Advisors LLC raised its stake in Mexico Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Hudson Portfolio Management LLC acquired a new position in Mexico Fund in the 2nd quarter valued at about $784,000.

Mexico Fund Company Profile

The Mexico Fund, Inc (NYSE: MXF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in securities of Mexican companies. The fund primarily invests in publicly traded equities, although it may also hold other investments that provide exposure to Mexico’s economy and financial markets.

MXF offers investors a vehicle for gaining diversified exposure to Mexico across multiple industries and sectors. Its portfolio may include companies that operate in areas such as consumer goods, financial services, telecommunications, industrials, materials, and other segments of the Mexican economy.