Mexico Fund (NYSE:MXF) Major Shareholder Buys $121,361.60 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 6,008 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was purchased at an average price of $20.20 per share, for a total transaction of $121,361.60. Following the purchase, the insider directly owned 1,637,197 shares of the company’s stock, valued at $33,071,379.40. This trade represents a 0.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 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 Monday, December 15th, Saba Capital Management, L.P. acquired 28,475 shares of Mexico Fund stock. The shares were acquired at an average price of $20.22 per share, with a total value of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.91 per share, with a total value of $187,154.00.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was acquired at an average price of $19.70 per share, for a total transaction of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. bought 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 acquired at an average price 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 acquired at an average cost of $19.59 per share, with a total value of $303,488.28.
• On Thursday, December 4th, Saba Capital Management, L.P. purchased 698 shares of Mexico Fund stock. The shares were acquired 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. acquired 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. bought 10,902 shares of Mexico Fund stock. The stock was bought 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 bought at an average cost of $19.10 per share, for a total transaction of $35,697.90.

Mexico Fund Stock Performance

MXF stock opened at $19.63 on Thursday. The firm’s 50-day moving average is $19.26 and its two-hundred day moving average is $18.41. Mexico Fund, Inc. has a 52 week low of $13.10 and a 52 week high of $20.45.

Mexico Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Wednesday, January 21st. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25.

Hedge Funds Weigh In On Mexico Fund

Hedge funds have recently modified their holdings of the company. SFI Advisors LLC raised its stake in shares of Mexico Fund by 342.4% in the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock worth $1,876,000 after buying an additional 102,015 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Mexico Fund by 34.9% during 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 buying an additional 19,109 shares in the last quarter. Almitas Capital LLC grew its holdings in Mexico Fund by 8.3% during 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 period. Uhlmann Price Securities LLC raised its position in Mexico Fund by 0.7% in the second quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock worth $1,783,000 after acquiring an additional 696 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. raised its position in Mexico Fund by 9.3% in the second 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 acquiring an additional 305,864 shares in the last quarter.

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.