Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 15,143 Shares of Company Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 15,143 shares of the business’s stock in a transaction on Friday, October 30th. The shares were acquired at an average price of $20.25 per share, for a total transaction of $306,645.75. Following the completion of the transaction, the insider owned 2,464,825 shares in the company, valued at approximately $49,912,706.25. This trade represents a 0.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The stock was acquired 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 acquired at an average price of $20.75 per share, with a total value of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. purchased 24,115 shares of Mexico Fund stock. The shares were acquired 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 shares were acquired at an average cost of $20.95 per share, with a total value of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were acquired 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 acquired at an average price of $20.51 per share, for a total transaction of $4,102.00.
• On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The stock was acquired at an average price of $20.11 per share, for a total transaction of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.13 per share, for a total transaction of $22,565.73.
• On Thursday, October 22nd, Saba Capital Management, L.P. acquired 2,000 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.14 per share, for a total transaction of $40,280.00.
• On Wednesday, October 21st, Saba Capital Management, L.P. bought 16,035 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.42 per share, with a total value of $327,434.70.

Mexico Fund Trading Up 0.1%

Shares of Mexico Fund stock opened at $21.06 on Wednesday. The firm has a fifty day moving average of $20.69 and a two-hundred day moving average of $21.42. Mexico Fund, Inc. has a 52 week low of $18.62 and a 52 week high of $23.00.

Mexico Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Wednesday, October 21st.

Trending Headlines about Mexico Fund

Here are the key news stories impacting Mexico Fund this week:

• Positive Sentiment: Saba Capital Management, L.P. reported a series of 12 purchases from October 14 through November 9, adding 133,945 MXF shares and bringing its disclosed holdings to 2,540,570 shares. The sustained accumulation may indicate confidence in the fund. SEC filing for latest purchases SEC filing for earlier purchases

Institutional Investors Weigh In On Mexico Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MXF. Beverly Hills Private Wealth LLC lifted its stake in Mexico Fund by 13.2% in the third quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock valued at $847,000 after buying an additional 4,855 shares during the period. Uhlmann Price Securities LLC grew its position in shares of Mexico Fund by 2.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after buying an additional 2,544 shares during the period. Calamos Advisors LLC grew its position 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 buying an additional 1,050 shares during the period. City of London Investment Management Co. Ltd. grew its position in shares of Mexico Fund by 0.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock worth $65,870,000 after buying an additional 19,166 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Mexico Fund by 25.8% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after acquiring an additional 7,774 shares during the last quarter.

Mexico Fund Company Profile

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.