Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 15,011 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 15,011 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were acquired at an average price of $20.95 per share, with a total value of $314,480.45. Following the completion of the purchase, the insider owned 2,493,840 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 9th, Saba Capital Management, L.P. acquired 4,365 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.06 per share, with a total value of $91,926.90.
• On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.75 per share, for a total transaction of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. bought 24,115 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.72 per share, for a total transaction of $499,662.80.
• On Tuesday, November 3rd, Saba Capital Management, L.P. bought 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. bought 200 shares of Mexico Fund stock. The shares were acquired 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. purchased 15,143 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.25 per share, with a total value of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 23,901 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.11 per share, with a total value of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. purchased 1,121 shares of Mexico Fund stock. The stock was bought 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 bought 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, for a total transaction of $327,434.70.

Mexico Fund Price Performance

NYSE:MXF opened at $21.06 on Wednesday. The business’s 50-day moving average is $20.69 and its two-hundred day moving average is $21.42. Mexico Fund, Inc. has a 12 month low of $18.62 and a 12 month high of $23.00.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.40 annualized dividend and a dividend yield of 6.6%.

Trending Headlines about Mexico Fund

Here are the key news stories impacting Mexico Fund this week:

• Positive Sentiment: Saba Capital Management, L.P. reported a series of 12 purchases from October 14 through November 9, adding 133,945 MXF shares and bringing its disclosed holdings to 2,540,570 shares. The sustained accumulation may indicate confidence in the fund. SEC filing for latest purchases SEC filing for earlier purchases

Institutional Investors Weigh In On Mexico Fund

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Mexico Fund during the 2nd quarter worth approximately $33,000. Susquehanna International Group LLP purchased a new position in Mexico Fund in the 2nd quarter worth approximately $215,000. Evolve Private Wealth LLC purchased a new position in Mexico Fund in the 2nd quarter worth approximately $278,000. Calamos Advisors LLC grew its position in Mexico Fund by 6.7% in 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 in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in 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 valued at $774,000 after acquiring an additional 7,774 shares in the last quarter.

About Mexico Fund

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.