Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 15,011 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 15,011 shares of the stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $20.95 per share, with a total value of $314,480.45. Following the completion of the transaction, the insider owned 2,493,840 shares in the company, valued at $52,245,948. This trade represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The stock was purchased at an average price of $21.06 per share, with a total value of $91,926.90.
• On Friday, November 6th, Saba Capital Management, L.P. acquired 18,250 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.75 per share, with a total value of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. purchased 24,115 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.72 per share, with a total value of $499,662.80.
• On Tuesday, November 3rd, Saba Capital Management, L.P. acquired 13,804 shares of Mexico Fund stock. The shares were acquired at an average price of $20.54 per share, for a total transaction of $283,534.16.
• On Monday, November 2nd, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The stock was bought at an average price of $20.51 per share, for a total transaction of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The stock was purchased at an average price of $20.25 per share, with a total value of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The shares were purchased at an average price of $20.11 per share, with a total value of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock. The shares were acquired 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. purchased 2,000 shares of Mexico Fund stock. The stock was acquired at an average price of $20.14 per share, with a total value of $40,280.00.
• On Wednesday, October 21st, Saba Capital Management, L.P. acquired 16,035 shares of Mexico Fund stock. The stock was bought at an average cost of $20.42 per share, with a total value of $327,434.70.

Mexico Fund Trading Up 1.0%

NYSE:MXF opened at $21.31 on Thursday. The firm has a fifty day simple moving average of $20.69 and a 200-day simple moving average of $21.42. Mexico Fund, Inc. has a 12 month low of $18.62 and a 12 month high of $23.00.

Mexico Fund Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 6.6%.

Top Mexico Fund Stories

Here are a few of the latest stories about MXF:

• Positive Sentiment: Saba disclosed a series of MXF purchases from October 14 through November 9, including 4,365 shares bought most recently at an average $21.06. Its reported holdings reached 2,540,570 shares. Sustained buying by a major shareholder can signal confidence in the fund and provide a supportive sentiment cue, though it does not guarantee future performance. Saba Capital purchase report

Institutional Inflows and Outflows

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

Mexico Fund Company Profile

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.