Mexico Fund (NYSE:MXF) Major Shareholder Acquires $21,500.00 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average price of $21.50 per share, with a total value of $21,500.00. Following the transaction, the insider directly owned 1,695,380 shares of the company’s stock, valued at $36,450,670. This represents a 0.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The stock was acquired 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. acquired 2,520 shares of Mexico Fund stock. The shares were bought 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. bought 10 shares of Mexico Fund stock. The stock was bought at an average price 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 bought at an average cost 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 stock was bought 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 shares were purchased at an average cost of $19.91 per share, with a total value of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. bought 6,008 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.20 per share, for a total transaction of $121,361.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were purchased at an average cost of $19.70 per share, with a total value of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. purchased 628 shares of Mexico Fund stock. The shares were purchased at an average price of $19.74 per share, for a total transaction of $12,396.72.
• On Monday, December 8th, Saba Capital Management, L.P. acquired 2,403 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.63 per share, for a total transaction of $47,170.89.

Mexico Fund Stock Up 1.0%

NYSE MXF traded up $0.21 during trading on Tuesday, hitting $21.63. The stock had a trading volume of 14,451 shares, compared to its average volume of 53,020. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $21.80. The stock has a 50 day simple moving average of $20.14 and a 200 day simple moving average of $19.09.

Mexico Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st will be given a $0.35 dividend. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $1.40 annualized dividend and a yield of 6.5%.

Institutional Trading of Mexico Fund

A number of large investors have recently made changes to their positions in MXF. City of London Investment Management Co. Ltd. lifted its holdings in 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 valued at $63,406,000 after buying an additional 305,864 shares in the last quarter. North Ground Capital bought a new stake in shares of Mexico Fund during the third quarter valued at approximately $608,000. Verition Fund Management LLC raised its stake in shares of Mexico Fund by 21.7% during the third quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after acquiring an additional 17,747 shares in the last quarter. Scotia Capital Inc. boosted its holdings in shares of Mexico Fund by 127.8% in the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 14,241 shares during the period. Finally, Alpine Global Management LLC bought a new position in Mexico Fund in the third quarter worth approximately $265,000.

About Mexico Fund

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.