Mexico Fund (NYSE:MXF) Major Shareholder Purchases $148,472.00 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 6,700 shares of Mexico Fund stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $22.16 per share, with a total value of $148,472.00. Following the transaction, the insider owned 2,072,623 shares in the company, valued at $45,929,325.68. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, June 2nd, Saba Capital Management, L.P. acquired 9,633 shares of Mexico Fund stock. The shares were bought at an average cost of $22.24 per share, with a total value of $214,237.92.
• On Monday, June 1st, Saba Capital Management, L.P. acquired 708 shares of Mexico Fund stock. The shares were bought at an average cost of $21.90 per share, with a total value of $15,505.20.
• On Friday, May 29th, Saba Capital Management, L.P. acquired 18,466 shares of Mexico Fund stock. The shares were bought at an average cost of $22.17 per share, with a total value of $409,391.22.
• On Wednesday, May 27th, Saba Capital Management, L.P. acquired 44,608 shares of Mexico Fund stock. The shares were bought at an average cost of $22.27 per share, with a total value of $993,420.16.
• On Tuesday, May 26th, Saba Capital Management, L.P. bought 14,402 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.99 per share, with a total value of $316,699.98.
• On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.67 per share, with a total value of $155,287.22.
• On Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The stock was acquired 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. bought 22,914 shares of Mexico Fund stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $21.59 per share, with a total value of $401,271.74.
• On Friday, May 15th, Saba Capital Management, L.P. bought 8,334 shares of Mexico Fund stock. The stock was acquired at an average cost of $22.00 per share, with a total value of $183,348.00.

Mexico Fund Price Performance

Mexico Fund stock opened at $22.15 on Thursday. The stock has a fifty day simple moving average of $21.62 and a two-hundred day simple moving average of $21.09. Mexico Fund, Inc. has a 12 month low of $16.43 and a 12 month high of $23.00.

Mexico Fund Announces Dividend

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

Institutional Trading of Mexico Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Altium Capital Management LLC purchased a new position in shares of Mexico Fund in the 4th quarter worth $972,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock worth $20,548,000 after buying an additional 27,983 shares during the last quarter. Calamos Advisors LLC boosted its stake in shares of Mexico Fund by 13.5% in the 1st 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. Uhlmann Price Securities LLC boosted its stake in shares of Mexico Fund by 1.9% in the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after buying an additional 2,013 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in shares of Mexico Fund by 144.8% in the 4th quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock worth $1,000,000 after buying an additional 29,377 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.