Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 9,362 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 9,362 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $22.19 per share, for a total transaction of $207,742.78. Following the acquisition, the insider owned 2,300,764 shares in the company, valued at approximately $51,053,953.16. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 Wednesday, July 29th, Saba Capital Management, L.P. purchased 3,077 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.34 per share, with a total value of $65,663.18.
• On Tuesday, July 28th, Saba Capital Management, L.P. bought 2,608 shares of Mexico Fund stock. The shares were acquired at an average price of $21.56 per share, with a total value of $56,228.48.
• On Wednesday, July 22nd, Saba Capital Management, L.P. acquired 7,623 shares of Mexico Fund stock. The shares were bought at an average price of $21.80 per share, with a total value of $166,181.40.
• On Thursday, July 23rd, Saba Capital Management, L.P. acquired 414 shares of Mexico Fund stock. The stock was bought at an average price of $21.11 per share, for a total transaction of $8,739.54.
• On Tuesday, July 21st, Saba Capital Management, L.P. bought 200 shares of Mexico Fund stock. The stock was purchased at an average price of $21.52 per share, for a total transaction of $4,304.00.
• On Monday, July 20th, Saba Capital Management, L.P. bought 7,631 shares of Mexico Fund stock. The shares were purchased at an average price of $21.49 per share, for a total transaction of $163,990.19.
• On Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The shares were 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. purchased 1,828 shares of Mexico Fund stock. The stock was acquired at an average cost 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 stock was bought at an average price of $21.31 per share, with a total value of $108,681.00.
• On Tuesday, June 23rd, Saba Capital Management, L.P. acquired 15,051 shares of Mexico Fund stock. The shares were bought at an average cost of $21.52 per share, with a total value of $323,897.52.

Mexico Fund Stock Performance

Shares of NYSE:MXF opened at $21.84 on Friday. The business has a 50-day moving average of $21.71 and a two-hundred day moving average of $21.65. Mexico Fund, Inc. has a 12 month low of $17.81 and a 12 month high of $23.00.

Mexico Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in 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 valued at $27,000 after purchasing an additional 1,194 shares during the last quarter. Uhlmann Price Securities LLC lifted its stake in 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 buying an additional 2,013 shares during the period. Calamos Advisors LLC boosted its holdings in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after buying an additional 2,535 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings 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 last quarter. Finally, Scotia Capital Inc. grew its position in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after buying an additional 14,241 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.