Saba Capital Management, L.P. Buys 47,273 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 47,273 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $19.15 per share, for a total transaction of $905,277.95. Following the transaction, the insider owned 1,597,698 shares in the company, valued at $30,595,916.70. This represents a 3.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 17th, Saba Capital Management, L.P. acquired 13,451 shares of Mexico Fund stock. The shares were bought at an average cost of $18.94 per share, with a total value of $254,761.94.
• On Thursday, October 23rd, Saba Capital Management, L.P. acquired 506 shares of Mexico Fund stock. The stock was bought at an average cost of $18.64 per share, with a total value of $9,431.84.

Mexico Fund Stock Up 0.2%

Shares of NYSE:MXF opened at $18.86 on Friday. Mexico Fund, Inc. has a 12-month low of $12.99 and a 12-month high of $19.86. The business’s 50 day moving average is $19.12 and its 200 day moving average is $17.99.

Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 5.3%.

Institutional Trading of Mexico Fund

Institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Mexico Fund in the first quarter valued at about $46,000. Blue Bell Private Wealth Management LLC grew its position in Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. Scotia Capital Inc. purchased a new stake in Mexico Fund in the 2nd quarter valued at about $196,000. Alpine Global Management LLC bought a new position in shares of Mexico Fund during the 3rd quarter worth approximately $265,000. Finally, Calamos Advisors LLC lifted its position in shares of Mexico Fund by 21.7% during the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock worth $280,000 after buying an additional 2,535 shares in the last quarter.

Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.