Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 3,077 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 3,077 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average cost of $21.34 per share, with a total value of $65,663.18. Following the completion of the acquisition, the insider owned 2,291,228 shares of the company’s stock, valued at $48,894,805.52. This represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Tuesday, July 28th, Saba Capital Management, L.P. purchased 2,608 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.56 per share, for a total transaction of $56,228.48.
• On Wednesday, July 22nd, Saba Capital Management, L.P. purchased 7,623 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.80 per share, for a total transaction of $166,181.40.
• On Thursday, July 23rd, Saba Capital Management, L.P. acquired 414 shares of Mexico Fund stock. The shares were acquired at an average price of $21.11 per share, with a total value of $8,739.54.
• On Tuesday, July 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were acquired at an average price of $21.52 per share, with a total value of $4,304.00.
• On Monday, July 20th, Saba Capital Management, L.P. acquired 7,631 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.49 per share, with a total value of $163,990.19.
• On Wednesday, July 8th, Saba Capital Management, L.P. bought 522 shares of Mexico Fund stock. The stock was acquired at an average price of $21.26 per share, for a total transaction of $11,097.72.
• On Tuesday, July 7th, Saba Capital Management, L.P. bought 1,828 shares of Mexico Fund stock. The stock was acquired at an average price of $21.73 per share, for a total transaction of $39,722.44.
• On Wednesday, June 24th, Saba Capital Management, L.P. bought 5,100 shares of Mexico Fund stock. The shares were acquired 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. purchased 15,051 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.52 per share, with a total value of $323,897.52.
• On Thursday, June 18th, Saba Capital Management, L.P. purchased 1,261 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.19 per share, with a total value of $27,981.59.

Mexico Fund Trading Up 0.5%

MXF opened at $21.80 on Friday. The stock has a 50-day moving average of $21.74 and a 200 day moving average of $21.62. Mexico Fund, Inc. has a 12 month low of $17.41 and a 12 month high of $23.00.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 22nd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, July 22nd.

Hedge Funds Weigh In On Mexico Fund

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Mexico Fund by 109.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock worth $105,000 after buying an additional 2,735 shares during the period. Calamos Advisors LLC boosted its stake in Mexico Fund by 32.1% during the fourth 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 during the period. Scotia Capital Inc. increased its position in Mexico Fund by 127.8% during the third quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter. Finally, Altium Capital Management LLC bought a new position in Mexico Fund during the fourth quarter valued at $972,000.

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.