Mexico Fund (NYSE:MXF) Major Shareholder Buys $22,565.73 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 1,121 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was bought at an average cost of $20.13 per share, with a total value of $22,565.73. Following the acquisition, the insider owned 2,425,781 shares in the company, valued at $48,830,971.53. The trade was a 0.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, November 11th, Saba Capital Management, L.P. bought 31,698 shares of Mexico Fund stock. The shares were purchased at an average price of $21.33 per share, for a total transaction of $676,118.34.
• On Tuesday, November 10th, Saba Capital Management, L.P. bought 3,762 shares of Mexico Fund stock. The shares were purchased at an average price of $21.05 per share, for a total transaction of $79,190.10.
• On Monday, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.06 per share, for a total transaction of $91,926.90.
• On Friday, November 6th, Saba Capital Management, L.P. purchased 18,250 shares of Mexico Fund stock. The shares were purchased 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. purchased 24,115 shares of Mexico Fund stock. The stock was purchased at an average price of $20.72 per share, with a total value of $499,662.80.
• On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The stock was purchased at an average price of $20.95 per share, with a total value of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. acquired 13,804 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.54 per share, with a total value of $283,534.16.
• On Monday, November 2nd, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.51 per share, with a total value of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. acquired 15,143 shares of Mexico Fund stock. The shares were purchased at an average price of $20.25 per share, for a total transaction of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. bought 23,901 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.11 per share, for a total transaction of $480,649.11.

Mexico Fund Stock Down 0.6%

Shares of MXF stock opened at $21.11 on Friday. The firm’s 50-day moving average is $20.68 and its 200-day moving average is $21.42. Mexico Fund, Inc. has a 52-week low of $18.62 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%.

Institutional Trading of Mexico Fund

Several institutional investors and hedge funds have recently bought and sold shares of MXF. Northwestern Mutual Wealth Management Co. bought a new stake in Mexico Fund in the second quarter valued at approximately $33,000. Susquehanna International Group LLP bought a new position in shares of Mexico Fund during the 2nd quarter worth approximately $215,000. Evolve Private Wealth LLC bought a new position in shares of Mexico Fund during the 2nd quarter worth approximately $278,000. Calamos Advisors LLC boosted its stake in shares of Mexico Fund by 6.7% during the 3rd quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock worth $343,000 after acquiring an additional 1,050 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Mexico Fund by 25.8% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock worth $774,000 after acquiring an additional 7,774 shares during the last quarter.

Mexico Fund Company Profile

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.