Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 1,573 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 1,573 shares of Mexico Fund stock in a transaction that occurred on Friday, October 2nd. The shares were purchased at an average cost of $19.74 per share, with a total value of $31,051.02. Following the completion of the acquisition, the insider owned 2,367,934 shares of the company’s stock, valued at $46,743,017.16. The trade was a 0.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Thursday, October 1st, Saba Capital Management, L.P. bought 17,921 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $358,420.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. bought 1,238 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.39 per share, for a total transaction of $25,242.82.
• On Monday, September 28th, Saba Capital Management, L.P. purchased 4,133 shares of Mexico Fund stock. The stock was purchased at an average price of $20.74 per share, with a total value of $85,718.42.
• On Friday, September 25th, Saba Capital Management, L.P. purchased 834 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.74 per share, with a total value of $17,297.16.
• On Thursday, September 24th, Saba Capital Management, L.P. acquired 1,049 shares of Mexico Fund stock. The stock was acquired at an average price of $20.69 per share, for a total transaction of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. acquired 28,464 shares of Mexico Fund stock. The stock was acquired at an average price of $21.02 per share, for a total transaction of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. acquired 110 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.90 per share, for a total transaction of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. bought 2,034 shares of Mexico Fund stock. The shares were acquired at an average price of $21.03 per share, with a total value of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. bought 6,403 shares of Mexico Fund stock. The shares were acquired at an average price of $20.63 per share, with a total value of $132,093.89.
• On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.89 per share, for a total transaction of $9,588.51.

Mexico Fund Stock Up 1.0%

Shares of NYSE MXF opened at $20.25 on Wednesday. The firm’s 50-day moving average is $21.34 and its two-hundred day moving average is $21.50. Mexico Fund, Inc. has a 12-month low of $18.30 and a 12-month high of $23.00.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 21st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $1.40 dividend on an annualized basis and a yield of 6.9%.

Trending Headlines about Mexico Fund

Here are the key news stories impacting Mexico Fund this week:

• Positive Sentiment: Quarterly distribution announced: Mexico Fund declared a $0.35-per-share dividend payable October 29 to shareholders of record October 21. The payout equates to $1.40 annually and a roughly 7.0% yield based on the reported trading level, potentially improving MXF’s appeal to income-focused investors. The Mexico Fund stock sets USD 0.35 payout and cuts fees
• Positive Sentiment: Expense cap reduced: Recent reports say the fund is cutting its expense cap. Lower operating expenses could improve shareholder returns and make the closed-end fund more attractive, although the articles do not specify the size or effective date of the reduction. Mexico Fund cuts expense cap
• Positive Sentiment: Major shareholder continues buying: Saba Capital Management purchased 17,921 shares for $358,420 on October 1 and another 1,573 shares for $31,051 on October 2. Saba’s position reached 2,367,934 shares, signaling continued confidence and potentially supporting the stock. Mexico Fund major shareholder buys stock
• Neutral Sentiment: MXF remains below its reported 50-day and 200-day moving averages, suggesting that broader market momentum has not fully turned positive despite the income and shareholder-support catalysts.

Hedge Funds Weigh In On Mexico Fund

Several hedge funds have recently bought and sold shares of MXF. Northwestern Mutual Wealth Management Co. acquired a new position in Mexico Fund in the 2nd quarter valued at about $33,000. Uhlmann Price Securities LLC boosted its stake in shares of Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock worth $2,243,000 after purchasing an additional 2,013 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of 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 in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Mexico Fund during the second quarter worth about $215,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of Mexico Fund in the second quarter valued at approximately $278,000.

About Mexico Fund

The Mexico Fund, Inc (NYSE: MXF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in securities of Mexican companies. The fund primarily invests in publicly traded equities, although it may also hold other investments that provide exposure to Mexico’s economy and financial markets.

MXF offers investors a vehicle for gaining diversified exposure to Mexico across multiple industries and sectors. Its portfolio may include companies that operate in areas such as consumer goods, financial services, telecommunications, industrials, materials, and other segments of the Mexican economy.