Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 24,115 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 24,115 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $20.72 per share, with a total value of $499,662.80. Following the purchase, the insider owned 2,517,955 shares of the company’s stock, valued at approximately $52,172,027.60. This represents a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The stock was acquired at an average cost 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 stock was acquired at an average price of $20.75 per share, for a total transaction of $378,687.50.
• On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The stock was acquired at an average price of $20.95 per share, for a total transaction of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. purchased 13,804 shares of Mexico Fund stock. The shares were acquired 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 shares were acquired at an average cost of $20.51 per share, with a total value of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. acquired 15,143 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.25 per share, with a total value of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. acquired 23,901 shares of Mexico Fund stock. The stock was acquired at an average price 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 acquired at an average cost of $20.13 per share, for a total transaction of $22,565.73.
• On Thursday, October 22nd, Saba Capital Management, L.P. bought 2,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.14 per share, for a total transaction of $40,280.00.
• On Wednesday, October 21st, Saba Capital Management, L.P. purchased 16,035 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.42 per share, with a total value of $327,434.70.

Mexico Fund Stock Up 1.0%

Shares of MXF opened at $21.31 on Thursday. Mexico Fund, Inc. has a 52-week low of $18.62 and a 52-week high of $23.00. The stock has a 50 day moving average price of $20.69 and a 200 day moving average price of $21.42.

Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st were given a dividend of $0.35 per share. 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 Trading of Mexico Fund

A number of large investors have recently bought and sold shares of the business. Calamos Advisors LLC increased its stake in 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 purchasing an additional 1,050 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Mexico Fund during the second quarter worth about $33,000. Uhlmann Price Securities LLC boosted its stake in shares of Mexico Fund by 2.3% during the third quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after buying an additional 2,544 shares during the period. Beverly Hills Private Wealth LLC boosted its stake 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 buying an additional 4,855 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Mexico Fund by 25.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock worth $774,000 after buying an additional 7,774 shares during the last quarter.

Latest Mexico Fund News

Investors following MXF have been watching these news items:

• 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.