Saba Capital Management, L.P. Buys 16,228 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 16,228 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $19.95 per share, for a total transaction of $323,748.60. Following the purchase, the insider owned 1,691,300 shares of the company’s stock, valued at approximately $33,741,435. The trade was a 0.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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. purchased 28,475 shares of Mexico Fund stock. The stock was purchased 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 shares were purchased at an average price of $19.91 per share, for a total transaction of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. bought 6,008 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.20 per share, with a total value of $121,361.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was purchased at an average price of $19.70 per share, with a total value of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. purchased 628 shares of Mexico Fund stock. The shares were purchased 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 purchased at an average price of $19.63 per share, for a total transaction of $47,170.89.
• On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The stock was purchased 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. acquired 698 shares of Mexico Fund stock. The stock was acquired at an average price of $19.58 per share, with a total value of $13,666.84.
• On Tuesday, December 2nd, Saba Capital Management, L.P. bought 299 shares of Mexico Fund stock. The shares were acquired at an average price of $19.44 per share, for a total transaction of $5,812.56.
• On Monday, December 1st, Saba Capital Management, L.P. bought 10,902 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.45 per share, for a total transaction of $212,043.90.

Mexico Fund Trading Up 1.4%

NYSE MXF traded up $0.28 on Thursday, hitting $19.88. The company’s stock had a trading volume of 8,389 shares, compared to its average volume of 55,932. The company’s 50-day moving average is $19.26 and its 200 day moving average is $18.41. Mexico Fund, Inc. has a 1-year low of $13.10 and a 1-year high of $20.45.

Mexico Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, January 21st will be issued a $0.35 dividend. The ex-dividend date is Wednesday, January 21st. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Uhlmann Price Securities LLC lifted its stake 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 valued at $1,783,000 after buying an additional 696 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,200 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the period. Quantedge Capital Pte Ltd lifted its position in shares of Mexico Fund by 3.7% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock valued at $2,286,000 after acquiring an additional 4,650 shares during the period. Finally, SFI Advisors LLC boosted its stake in Mexico Fund by 4.6% during the second quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock worth $2,423,000 after acquiring an additional 6,121 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.