Saba Capital Management, L.P. Purchases 3,814 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 3,814 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were bought at an average price of $21.23 per share, with a total value of $80,971.22. Following the transaction, the insider directly owned 1,778,946 shares in the company, valued at $37,767,023.58. This trade represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% 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 Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The stock was acquired at an average price of $21.28 per share, with a total value of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The stock was acquired at an average price of $19.83 per share, with a total value of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The shares were purchased at an average price of $20.38 per share, with a total value of $101,900.00.
• On Friday, March 13th, Saba Capital Management, L.P. bought 2,600 shares of Mexico Fund stock. The shares were purchased at an average price of $20.21 per share, with a total value of $52,546.00.
• On Thursday, March 12th, Saba Capital Management, L.P. bought 456 shares of Mexico Fund stock. The shares were purchased at an average price of $20.35 per share, with a total value of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. bought 1,005 shares of Mexico Fund stock. The shares were purchased at an average price of $20.94 per share, with a total value of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. acquired 4,480 shares of Mexico Fund stock. The shares were bought at an average cost of $21.34 per share, with a total value of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. acquired 32,126 shares of Mexico Fund stock. The shares were bought at an average cost of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. acquired 3,115 shares of Mexico Fund stock. The shares were bought at an average cost of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. acquired 1,000 shares of Mexico Fund stock. The shares were bought at an average cost of $21.50 per share, with a total value of $21,500.00.

Mexico Fund Price Performance

NYSE:MXF opened at $22.23 on Thursday. Mexico Fund, Inc. has a 1 year low of $13.10 and a 1 year high of $23.00. The stock has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $20.36.

Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.3%.

Hedge Funds Weigh In On Mexico Fund

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Mexico Fund by 92.3% during 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 acquiring an additional 1,200 shares during the last quarter. Alpine Global Management LLC acquired a new position in Mexico Fund during the 3rd quarter worth approximately $265,000. Calamos Advisors LLC boosted its position in 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 acquiring an additional 2,535 shares during the last quarter. Finally, Scotia Capital Inc. boosted its position in Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after acquiring an additional 14,241 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.