Saba Capital Management, L.P. Purchases 1,005 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 1,005 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $20.94 per share, with a total value of $21,044.70. Following the transaction, the insider owned 1,736,106 shares of the company’s stock, valued at approximately $36,354,059.64. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Thursday, March 5th, Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund stock. The shares were acquired at an average price of $21.34 per share, for a total transaction of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The stock was acquired at an average price of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The shares were acquired at an average price of $21.50 per share, for a total transaction of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The shares were acquired at an average price of $21.29 per share, for a total transaction of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 2,520 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.45 per share, for a total transaction of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 10 shares of Mexico Fund stock. The stock was acquired at an average price of $20.24 per share, with a total value of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 16,228 shares of Mexico Fund stock. The shares were 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 acquired at an average price of $20.22 per share, for a total transaction 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 cost of $19.91 per share, for a total transaction of $187,154.00.

Mexico Fund Price Performance

NYSE MXF traded down $0.21 on Wednesday, hitting $20.83. The company had a trading volume of 59,915 shares, compared to its average volume of 78,919. The company’s fifty day moving average price is $21.62 and its 200-day moving average price is $20.06. Mexico Fund, Inc. has a 12-month low of $13.10 and a 12-month high of $23.00.

Mexico Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st were paid a $0.35 dividend. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Trading of Mexico Fund

Several large investors have recently added to or reduced their stakes in MXF. Uhlmann Price Securities LLC increased its stake in shares of Mexico Fund by 1.0% in the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after acquiring an additional 1,074 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Calamos Advisors LLC grew 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. Finally, Quantedge Capital Pte Ltd increased its position in Mexico Fund by 3.7% during the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after purchasing an additional 4,650 shares during the last quarter.

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.