Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 4,365 Shares of Company Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 4,365 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was acquired at an average price of $21.06 per share, for a total transaction of $91,926.90. Following the purchase, the insider directly owned 2,540,570 shares of the company’s stock, valued at approximately $53,504,404.20. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.75 per share, with a total value of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. bought 24,115 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.72 per share, with a total value of $499,662.80.
• On Wednesday, November 4th, Saba Capital Management, L.P. bought 15,011 shares of Mexico Fund stock. The shares were acquired at an average price of $20.95 per share, with a total value of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. bought 13,804 shares of Mexico Fund stock. The shares were acquired at an average price of $20.54 per share, with a total value of $283,534.16.
• On Monday, November 2nd, Saba Capital Management, L.P. purchased 200 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.51 per share, for a total transaction of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. purchased 15,143 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.25 per share, for a total transaction of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 23,901 shares of Mexico Fund stock. The shares were bought at an average cost of $20.11 per share, for a total transaction of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. purchased 1,121 shares of Mexico Fund stock. The shares were bought 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. acquired 2,000 shares of Mexico Fund stock. The shares were bought at an average price of $20.14 per share, with a total value of $40,280.00.
• On Wednesday, October 21st, Saba Capital Management, L.P. acquired 16,035 shares of Mexico Fund stock. The shares were bought at an average price of $20.42 per share, with a total value of $327,434.70.

Mexico Fund Price Performance

Shares of MXF stock opened at $21.06 on Wednesday. The business has a 50-day simple moving average of $20.69 and a 200-day simple moving average of $21.42. Mexico Fund, Inc. has a 52-week low of $18.62 and a 52-week high of $23.00.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Wednesday, October 21st.

More Mexico Fund News

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

• Positive Sentiment: Saba Capital Management, L.P. reported a series of 12 purchases from October 14 through November 9, adding 133,945 MXF shares and bringing its disclosed holdings to 2,540,570 shares. The sustained accumulation may indicate confidence in the fund. SEC filing for latest purchases SEC filing for earlier purchases

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC boosted its position in Mexico Fund by 13.2% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after purchasing an additional 4,855 shares in the last quarter. Uhlmann Price Securities LLC grew its stake in shares of Mexico Fund by 2.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after purchasing an additional 2,544 shares during the period. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 6.7% during the 3rd quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock worth $343,000 after purchasing an additional 1,050 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in shares of Mexico Fund by 0.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock valued at $65,870,000 after purchasing an additional 19,166 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Mexico Fund by 25.8% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 7,774 shares in the last quarter.

Mexico Fund Company Profile

The Mexico Fund, Inc. (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico. The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.