Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 15,148 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 15,148 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $22.13 per share, for a total transaction of $335,225.24. Following the transaction, the insider owned 1,912,195 shares in the company, valued at approximately $42,316,875.35. The trade was a 0.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large 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 Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.01 per share, with a total value of $198,090.00.
• On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The stock was purchased at an average price of $21.82 per share, with a total value of $65,460.00.
• On Friday, May 1st, Saba Capital Management, L.P. purchased 217 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.33 per share, for a total transaction of $4,628.61.
• On Wednesday, April 22nd, Saba Capital Management, L.P. purchased 100,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.83 per share, for a total transaction of $2,183,000.00.
• On Tuesday, April 21st, Saba Capital Management, L.P. acquired 3,505 shares of Mexico Fund stock. The shares were acquired at an average price of $21.86 per share, with a total value of $76,619.30.
• On Friday, April 17th, Saba Capital Management, L.P. acquired 179 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.00 per share, with a total value of $3,938.00.
• On Wednesday, April 8th, Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock. The shares were acquired at an average price of $22.17 per share, for a total transaction of $48,774.00.
• On Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $80,971.22.
• On Thursday, April 2nd, Saba Capital Management, L.P. purchased 10,800 shares of Mexico Fund stock. The stock was acquired at an average price of $21.28 per share, with a total value of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. purchased 2,871 shares of Mexico Fund stock. The stock was acquired at an average price of $19.83 per share, with a total value of $56,931.93.

Mexico Fund Price Performance

Shares of NYSE MXF opened at $22.01 on Friday. Mexico Fund, Inc. has a fifty-two week low of $15.98 and a fifty-two week high of $23.00. The business has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $20.83.

Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.4%.

Institutional Trading of Mexico Fund

Large investors have recently made changes to their positions in the business. Uhlmann Price Securities LLC boosted its holdings in Mexico Fund by 1.0% in the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after purchasing an additional 1,074 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the period. Calamos Advisors LLC raised its position in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after acquiring an additional 2,535 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 2,735 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in Mexico Fund in the third quarter valued at approximately $265,000.

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.