Saba Capital Management, L.P. Purchases 1,005 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 1,005 shares of the stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $20.94 per share, for a total transaction of $21,044.70. Following the completion of the purchase, the insider directly owned 1,736,106 shares in the company, valued at approximately $36,354,059.64. The trade was a 0.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 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 Thursday, March 5th, Saba Capital Management, L.P. purchased 4,480 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, for a total transaction of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. acquired 32,126 shares of Mexico Fund stock. The shares were acquired 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. bought 3,115 shares of Mexico Fund stock. The stock was bought at an average cost of $21.97 per share, for a total transaction of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The shares were bought at an average price of $21.50 per share, for a total transaction of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The shares were bought at an average cost of $21.29 per share, with a total value of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. purchased 2,520 shares of Mexico Fund stock. The stock was bought at an average price of $20.45 per share, with a total value of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 10 shares of Mexico Fund stock. The stock was bought at an average cost of $20.24 per share, with a total value of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 16,228 shares of Mexico Fund stock. The shares were purchased at an average price of $19.95 per share, for a total transaction of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. purchased 28,475 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.22 per share, for a total transaction of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. purchased 9,400 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.91 per share, for a total transaction of $187,154.00.

Mexico Fund Stock Performance

MXF stock traded up $0.09 during trading hours on Friday, reaching $20.44. The stock had a trading volume of 12,672 shares, compared to its average volume of 76,894. The stock has a 50-day simple moving average of $21.64 and a 200 day simple moving average of $20.07. Mexico Fund, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $23.00.

Institutional Trading of Mexico Fund

Several institutional investors and hedge funds have recently bought and sold shares of MXF. City of London Investment Management Co. Ltd. boosted its stake in shares of Mexico Fund by 9.3% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after acquiring an additional 305,864 shares during the period. Saba Capital Management L.P. raised its stake in Mexico Fund by 32.4% in the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock valued at $34,063,000 after acquiring an additional 413,606 shares during the period. SFI Advisors LLC raised its stake in Mexico Fund by 4.6% in the 2nd quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock valued at $2,423,000 after acquiring an additional 6,121 shares during the period. Quantedge Capital Pte Ltd lifted its holdings in 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 purchasing an additional 4,650 shares during the last quarter. Finally, North Ground Capital boosted its position in Mexico Fund by 309.2% during the fourth quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 95,443 shares during the period.

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.