Mexico Fund (NYSE:MXF) Major Shareholder Acquires $11,709.50 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 550 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was acquired at an average cost of $21.29 per share, with a total value of $11,709.50. Following the completion of the purchase, the insider owned 1,694,380 shares of the company’s stock, valued at $36,073,350.20. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Monday, January 12th, Saba Capital Management, L.P. purchased 2,520 shares of Mexico Fund stock. The stock was acquired at an average price of $20.45 per share, with a total value of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 10 shares of Mexico Fund stock. The shares were acquired at an average price of $20.24 per share, for a total transaction of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. acquired 16,228 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.95 per share, with a total value of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. bought 28,475 shares of Mexico Fund stock. The shares were bought at an average price of $20.22 per share, with a total value of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. purchased 9,400 shares of Mexico Fund stock. The stock was bought at an average price of $19.91 per share, for a total transaction of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. acquired 6,008 shares of Mexico Fund stock. The shares were bought at an average price of $20.20 per share, with a total value of $121,361.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was bought at an average price of $19.70 per share, for a total transaction of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. bought 628 shares of Mexico Fund stock. The stock was purchased at an average price of $19.74 per share, with a total value of $12,396.72.
• On Monday, December 8th, Saba Capital Management, L.P. purchased 2,403 shares of Mexico Fund stock. The stock was purchased at an average price of $19.63 per share, for a total transaction of $47,170.89.
• On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The shares were purchased at an average price of $19.59 per share, with a total value of $303,488.28.

Mexico Fund Stock Performance

Shares of MXF opened at $21.27 on Friday. The company has a 50 day moving average of $20.09 and a two-hundred day moving average of $19.05. Mexico Fund, Inc. has a twelve month low of $13.10 and a twelve month high of $21.78.

Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.6%. This is a boost from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 21st.

Institutional Trading of Mexico Fund

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after buying an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Mexico Fund by 92.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,200 shares during the period. Scotia Capital Inc. purchased a new stake in Mexico Fund during the 2nd quarter valued at about $196,000. Alpine Global Management LLC acquired a new position in shares of Mexico Fund in the third quarter valued at about $265,000. Finally, Calamos Advisors LLC increased its holdings in shares of Mexico Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,535 shares during the period.

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.