Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 1,828 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 1,828 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of $21.73 per share, for a total transaction of $39,722.44. Following the purchase, the insider owned 2,261,962 shares of the company’s stock, valued at approximately $49,152,434.26. This represents a 0.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The shares were bought at an average cost of $21.26 per share, with a total value of $11,097.72.
• On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The shares were bought at an average price of $21.31 per share, for a total transaction of $108,681.00.
• On Tuesday, June 23rd, Saba Capital Management, L.P. acquired 15,051 shares of Mexico Fund stock. The shares were bought at an average price of $21.52 per share, for a total transaction of $323,897.52.
• On Thursday, June 18th, Saba Capital Management, L.P. acquired 1,261 shares of Mexico Fund stock. The stock was bought at an average cost of $22.19 per share, for a total transaction of $27,981.59.
• On Wednesday, June 17th, Saba Capital Management, L.P. bought 4,037 shares of Mexico Fund stock. The stock was bought at an average cost of $22.23 per share, with a total value of $89,742.51.
• On Friday, June 12th, Saba Capital Management, L.P. bought 29,500 shares of Mexico Fund stock. The shares were purchased at an average price of $22.30 per share, with a total value of $657,850.00.
• On Thursday, June 11th, Saba Capital Management, L.P. bought 5,117 shares of Mexico Fund stock. The shares were purchased at an average price of $21.60 per share, with a total value of $110,527.20.
• On Wednesday, June 10th, Saba Capital Management, L.P. purchased 11,081 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.39 per share, for a total transaction of $237,022.59.
• On Tuesday, June 9th, Saba Capital Management, L.P. purchased 3,600 shares of Mexico Fund stock. The stock was purchased at an average price of $21.14 per share, for a total transaction of $76,104.00.
• On Friday, June 5th, Saba Capital Management, L.P. acquired 19,906 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.64 per share, with a total value of $430,765.84.

Mexico Fund Trading Down 0.4%

NYSE:MXF opened at $21.39 on Friday. Mexico Fund, Inc. has a 52-week low of $16.57 and a 52-week high of $23.00. The stock has a 50-day simple moving average of $21.78 and a 200 day simple moving average of $21.50.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.5%.

Institutional Trading of Mexico Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted 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 purchasing an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Mexico Fund in the 3rd quarter valued at $265,000. Calamos Advisors LLC lifted its position in Mexico Fund by 32.1% during the 4th quarter. Calamos Advisors LLC now owns 18,764 shares of the investment management company’s stock worth $378,000 after buying an additional 4,563 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after buying an additional 14,241 shares in the last quarter.

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.