Insider Buying: Mexico Fund (NYSE:MXF) Major Shareholder Acquires 4,480 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 4,480 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $21.34 per share, for a total transaction of $95,603.20. Following the completion of the acquisition, the insider directly owned 1,735,101 shares in the company, valued at $37,027,055.34. The trade was a 0.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The shares were bought at an average price of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. acquired 3,115 shares of Mexico Fund stock. The shares were bought at an average price of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.50 per share, with a total value of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. bought 550 shares of Mexico Fund stock. The stock was purchased at an average price of $21.29 per share, for a total transaction of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 2,520 shares of Mexico Fund stock. The stock was purchased at an average price of $20.45 per share, for a total transaction of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 10 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.24 per share, for a total transaction of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 16,228 shares of Mexico Fund stock. The shares were acquired at an average price of $19.95 per share, with a total value of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. bought 28,475 shares of Mexico Fund stock. The stock was 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 price of $19.91 per share, with a total value of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. purchased 6,008 shares of Mexico Fund stock. The stock was bought at an average price of $20.20 per share, with a total value of $121,361.60.

Mexico Fund Trading Down 0.1%

Shares of MXF traded down $0.02 during midday trading on Monday, hitting $20.84. 48,920 shares of the company traded hands, compared to its average volume of 101,733. The stock has a 50-day moving average of $21.61 and a 200-day moving average of $20.05. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $23.00.

Mexico Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, January 21st were paid a $0.35 dividend. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC lifted its stake in Mexico Fund by 1.0% during the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after purchasing an additional 1,074 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in 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 worth $49,000 after buying an additional 1,200 shares during the last quarter. Calamos Advisors LLC boosted 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 worth $280,000 after buying an additional 2,535 shares in the last quarter. Finally, Quantedge Capital Pte Ltd grew its position 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 valued at $2,286,000 after acquiring an additional 4,650 shares during the last quarter.

Mexico Fund Company Profile

The Mexico Fund, Inc (NYSE: MXF) is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.