Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 24,115 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 24,115 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average cost of $20.72 per share, with a total value of $499,662.80. Following the transaction, the insider owned 2,517,955 shares in the company, valued at approximately $52,172,027.60. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, November 4th, Saba Capital Management, L.P. bought 15,011 shares of Mexico Fund stock. The shares were bought at an average price of $20.95 per share, for a total transaction of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were bought at an average cost of $20.54 per share, with a total value of $283,534.16.
• On Monday, November 2nd, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.51 per share, with a total value of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. acquired 15,143 shares of Mexico Fund stock. The shares were bought at an average price of $20.25 per share, for a total transaction of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The shares were bought at an average cost of $20.11 per share, with a total value of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. purchased 1,121 shares of Mexico Fund stock. The shares were purchased at an average price of $20.13 per share, with a total value of $22,565.73.
• On Thursday, October 22nd, Saba Capital Management, L.P. acquired 2,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.14 per share, for a total transaction of $40,280.00.
• On Wednesday, October 21st, Saba Capital Management, L.P. bought 16,035 shares of Mexico Fund stock. The shares were purchased at an average price of $20.42 per share, with a total value of $327,434.70.
• On Wednesday, October 14th, Saba Capital Management, L.P. purchased 12,791 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.88 per share, for a total transaction of $254,285.08.
• On Monday, October 5th, Saba Capital Management, L.P. acquired 25,900 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.09 per share, with a total value of $520,331.00.

Mexico Fund Stock Performance

Shares of Mexico Fund stock traded up $0.02 during trading hours on Tuesday, reaching $21.06. The company’s stock had a trading volume of 7,704 shares, compared to its average volume of 50,814. The firm has a 50 day moving average price of $20.71 and a 200-day moving average price of $21.42. Mexico Fund, Inc. has a one year low of $18.62 and a one year high of $23.00.

Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were given a $0.35 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $1.40 annualized dividend and a yield of 6.6%.

Institutional Investors Weigh In On Mexico Fund

Institutional investors have recently modified their holdings of the stock. Beverly Hills Private Wealth LLC increased its position in shares of Mexico Fund by 13.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock valued at $847,000 after purchasing an additional 4,855 shares during the last quarter. Uhlmann Price Securities LLC lifted its position in Mexico Fund by 2.3% in the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after buying an additional 2,544 shares during the last quarter. Calamos Advisors LLC boosted its stake in Mexico Fund by 6.7% during the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock worth $343,000 after buying an additional 1,050 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in Mexico Fund by 0.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock worth $65,870,000 after buying an additional 19,166 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Mexico Fund by 25.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock worth $774,000 after buying an additional 7,774 shares during the period.

Mexico Fund Company Profile

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.