Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 2,871 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 2,871 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $19.83 per share, with a total value of $56,931.93. Following the completion of the transaction, the insider owned 1,747,033 shares in the company, valued at approximately $34,643,664.39. This trade represents a 0.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Wednesday, March 18th, Saba Capital Management, L.P. purchased 5,000 shares of Mexico Fund stock. The stock was bought at an average cost of $20.38 per share, with a total value of $101,900.00.
• On Friday, March 13th, Saba Capital Management, L.P. purchased 2,600 shares of Mexico Fund stock. The stock was bought at an average cost of $20.21 per share, with a total value of $52,546.00.
• On Thursday, March 12th, Saba Capital Management, L.P. acquired 456 shares of Mexico Fund stock. The stock was bought 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. acquired 1,005 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.94 per share, for a total transaction of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund stock. The shares were purchased at an average price of $21.34 per share, for a total transaction of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The stock was purchased 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. bought 3,115 shares of Mexico Fund stock. The stock was purchased at an average price of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was purchased at an average price of $21.50 per share, with a total value of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The shares were purchased at an average price of $21.29 per share, for a total transaction of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. purchased 2,520 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.45 per share, for a total transaction of $51,534.00.

Mexico Fund Trading Up 1.8%

MXF opened at $19.96 on Tuesday. The stock has a fifty day simple moving average of $21.61 and a two-hundred day simple moving average of $20.19. Mexico Fund, Inc. has a 12-month low of $13.10 and a 12-month high of $23.00.

Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in Mexico Fund by 775.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Scotia Capital Inc. bought a new stake in shares of Mexico Fund in the 2nd quarter worth approximately $196,000. Alpine Global Management LLC bought a new stake in shares of Mexico Fund in the 3rd quarter worth approximately $265,000. Finally, Calamos Advisors LLC grew its stake in shares of Mexico Fund by 21.7% in 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 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.