Mexico Fund (NYSE:MXF) Major Shareholder Acquires $155,287.22 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 7,166 shares of Mexico Fund stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $21.67 per share, with a total value of $155,287.22. Following the completion of the purchase, the insider owned 2,006,913 shares in the company, valued at $43,489,804.71. The trade was a 0.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Wednesday, May 27th, Saba Capital Management, L.P. purchased 44,608 shares of Mexico Fund stock. The shares were bought at an average price of $22.27 per share, for a total transaction of $993,420.16.
• On Tuesday, May 26th, Saba Capital Management, L.P. purchased 14,402 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.99 per share, for a total transaction of $316,699.98.
• On Wednesday, May 20th, Saba Capital Management, L.P. acquired 4,610 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.68 per share, with a total value of $99,944.80.
• On Tuesday, May 19th, Saba Capital Management, L.P. acquired 22,914 shares of Mexico Fund stock. The shares were purchased at an average price of $21.58 per share, with a total value of $494,484.12.
• On Monday, May 18th, Saba Capital Management, L.P. bought 18,586 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.59 per share, for a total transaction of $401,271.74.
• On Friday, May 15th, Saba Capital Management, L.P. purchased 8,334 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.00 per share, with a total value of $183,348.00.
• On Thursday, May 14th, Saba Capital Management, L.P. purchased 33,108 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, with a total value of $728,376.00.
• On Wednesday, May 13th, Saba Capital Management, L.P. acquired 15,148 shares of Mexico Fund stock. The stock was acquired at an average price of $22.13 per share, for a total transaction of $335,225.24.
• On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.01 per share, with a total value of $198,090.00.
• On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.82 per share, for a total transaction of $65,460.00.

Mexico Fund Trading Up 0.2%

NYSE MXF opened at $22.35 on Friday. Mexico Fund, Inc. has a twelve month low of $16.43 and a twelve month high of $23.00. The stock has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $21.02.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.3%.

Hedge Funds Weigh In On Mexico Fund

Hedge funds have recently modified their holdings of the business. Uhlmann Price Securities LLC boosted its holdings in Mexico Fund by 1.0% during the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after acquiring an additional 1,074 shares during the period. Farther Finance Advisors LLC raised its position in Mexico Fund by 775.3% in the 4th 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 in the last quarter. Calamos Advisors LLC raised its position in Mexico Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 2,535 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,735 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in Mexico Fund in the 3rd quarter valued at about $265,000.

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.