Saba Capital Management, L.P. Buys 10,800 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 10,800 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were bought at an average price of $21.28 per share, with a total value of $229,824.00. Following the acquisition, the insider directly owned 1,775,132 shares of the company’s stock, valued at $37,774,808.96. The trade was a 0.61% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Friday, March 20th, Saba Capital Management, L.P. bought 2,871 shares of Mexico Fund stock. The stock was bought at an average price of $19.83 per share, for a total transaction of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The shares were 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 shares were bought 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. purchased 456 shares of Mexico Fund stock. The shares were 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. purchased 1,005 shares of Mexico Fund stock. The stock was bought 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. acquired 4,480 shares of Mexico Fund stock. The stock was 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. acquired 32,126 shares of Mexico Fund stock. The shares were 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 cost 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, for a total transaction of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. bought 550 shares of Mexico Fund stock. The stock was purchased at an average price of $21.29 per share, for a total transaction of $11,709.50.

Mexico Fund Stock Down 0.4%

Shares of NYSE MXF opened at $21.28 on Friday. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $23.00. The business’s fifty day moving average price is $21.54 and its 200-day moving average price is $20.31.

Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 6.6%.

Hedge Funds Weigh In On Mexico Fund

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of 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 valued at $27,000 after purchasing an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC grew its stake 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 valued at $49,000 after buying an additional 1,200 shares in the last quarter. Scotia Capital Inc. purchased a new position in Mexico Fund in the 2nd quarter valued at approximately $196,000. Alpine Global Management LLC bought a new stake in Mexico Fund during the 3rd quarter valued at $265,000. Finally, Calamos Advisors LLC raised its holdings 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 valued at $280,000 after acquiring an additional 2,535 shares during the period.

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.