Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 834 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 834 shares of the business’s stock in a transaction on Friday, September 25th. The stock was purchased at an average cost of $20.74 per share, with a total value of $17,297.16. Following the acquisition, the insider directly owned 2,343,069 shares of the company’s stock, valued at $48,595,251.06. This represents a 0.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 Monday, September 28th, Saba Capital Management, L.P. bought 4,133 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.74 per share, for a total transaction of $85,718.42.
• On Thursday, September 24th, Saba Capital Management, L.P. bought 1,049 shares of Mexico Fund stock. The shares were acquired at an average price of $20.69 per share, for a total transaction of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. purchased 28,464 shares of Mexico Fund stock. The stock was acquired at an average price of $21.02 per share, with a total value of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. purchased 110 shares of Mexico Fund stock. The stock was acquired at an average price of $20.90 per share, with a total value of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. purchased 2,034 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.03 per share, with a total value of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The shares were acquired at an average price of $20.63 per share, for a total transaction of $132,093.89.
• On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The shares were acquired at an average price of $20.89 per share, for a total transaction of $9,588.51.
• On Thursday, August 13th, Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.41 per share, for a total transaction of $63,202.32.
• On Tuesday, August 4th, Saba Capital Management, L.P. acquired 9,362 shares of Mexico Fund stock. The stock was acquired at an average price of $22.19 per share, with a total value of $207,742.78.
• On Wednesday, July 29th, Saba Capital Management, L.P. bought 3,077 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.34 per share, with a total value of $65,663.18.

Mexico Fund Trading Down 0.4%

Shares of NYSE:MXF opened at $20.61 on Wednesday. Mexico Fund, Inc. has a 1 year low of $18.30 and a 1 year high of $23.00. The business’s 50 day moving average price is $21.47 and its 200-day moving average price is $21.51.

Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.8%.

Institutional Trading of Mexico Fund

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Mexico Fund during the 2nd quarter worth approximately $33,000. Uhlmann Price Securities LLC lifted its position in shares of Mexico Fund by 1.9% in the first quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after acquiring an additional 2,013 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Mexico Fund by 13.5% in 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. Susquehanna International Group LLP acquired a new stake in shares of Mexico Fund in the second quarter worth approximately $215,000. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Mexico Fund in the second quarter worth approximately $278,000.

Mexico Fund Company Profile

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.