Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Acquires 2,000 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 2,000 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was purchased at an average cost of $20.14 per share, for a total transaction of $40,280.00. Following the transaction, the insider owned 2,424,660 shares of the company’s stock, valued at $48,832,652.40. This trade represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 9th, Saba Capital Management, L.P. purchased 4,365 shares of Mexico Fund stock. The shares were purchased at an average price 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 purchased 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 purchased 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. acquired 15,011 shares of Mexico Fund stock. The stock was purchased 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. acquired 13,804 shares of Mexico Fund stock. The stock was purchased 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 purchased at an average price of $20.51 per share, for a total transaction of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.25 per share, for a total transaction of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. bought 23,901 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.11 per share, for a total transaction of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. bought 1,121 shares of Mexico Fund stock. The shares were purchased at an average price of $20.13 per share, with a total value of $22,565.73.
• On Wednesday, October 21st, Saba Capital Management, L.P. bought 16,035 shares of Mexico Fund stock. The shares were purchased at an average price of $20.42 per share, with a total value of $327,434.70.

Mexico Fund Stock Up 1.0%

NYSE MXF opened at $21.31 on Thursday. The stock has a 50-day moving average of $20.69 and a two-hundred day moving average of $21.42. Mexico Fund, Inc. has a 1-year low of $18.62 and a 1-year high of $23.00.

Mexico Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were issued a $0.35 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.6%.

Institutional Investors Weigh In On Mexico Fund

A number of hedge funds have recently added to or reduced their stakes in MXF. Beverly Hills Private Wealth LLC increased its position in shares of Mexico Fund by 13.2% during the third quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after acquiring an additional 4,855 shares during the period. Uhlmann Price Securities LLC raised its stake in shares of Mexico Fund by 2.3% in the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock valued at $2,304,000 after acquiring an additional 2,544 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Mexico Fund by 6.7% in the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after acquiring an additional 1,050 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in Mexico Fund by 0.6% in the third quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock valued at $65,870,000 after purchasing an additional 19,166 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Mexico Fund by 25.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 7,774 shares during the period.

Recent Mexico Fund Headlines

Investors following MXF have been watching these headlines:

• Positive Sentiment: Saba disclosed a series of MXF purchases from October 14 through November 9, including 4,365 shares bought most recently at an average $21.06. Its reported holdings reached 2,540,570 shares. Sustained buying by a major shareholder can signal confidence in the fund and provide a supportive sentiment cue, though it does not guarantee future performance. Saba Capital purchase report

About Mexico Fund

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.