Mexico Fund (NYSE:MXF) Major Shareholder Buys $212,043.90 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 10,902 shares of Mexico Fund stock in a transaction dated Monday, December 1st. The stock was bought at an average price of $19.45 per share, for a total transaction of $212,043.90. Following the completion of the purchase, the insider owned 1,610,669 shares of the company’s stock, valued at approximately $31,327,512.05. This represents a 0.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Tuesday, December 2nd, Saba Capital Management, L.P. purchased 299 shares of Mexico Fund stock. The shares were bought at an average price of $19.44 per share, for a total transaction of $5,812.56.
• On Tuesday, November 25th, Saba Capital Management, L.P. purchased 1,869 shares of Mexico Fund stock. The stock was bought at an average cost of $19.10 per share, for a total transaction of $35,697.90.
• On Friday, November 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The shares were purchased at an average price of $18.76 per share, for a total transaction of $3,752.00.
• On Tuesday, November 18th, Saba Capital Management, L.P. bought 47,273 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.15 per share, for a total transaction of $905,277.95.
• On Monday, November 17th, Saba Capital Management, L.P. purchased 13,451 shares of Mexico Fund stock. The stock was purchased at an average price of $18.94 per share, with a total value of $254,761.94.
• On Thursday, October 23rd, Saba Capital Management, L.P. purchased 506 shares of Mexico Fund stock. The shares were purchased at an average price of $18.64 per share, with a total value of $9,431.84.

Mexico Fund Stock Performance

Shares of MXF opened at $19.63 on Friday. Mexico Fund, Inc. has a twelve month low of $13.10 and a twelve month high of $19.86. The firm’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $18.19.

Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 22nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Uhlmann Price Securities LLC raised its position in shares of Mexico Fund by 0.7% during the 2nd 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. Blue Bell Private Wealth Management LLC increased its stake in Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Calamos Advisors LLC increased its stake in Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,535 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Mexico Fund during the first quarter worth approximately $46,000. Finally, Quantedge Capital Pte Ltd raised its holdings in Mexico Fund by 3.7% during the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after purchasing an additional 4,650 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.