Mexico Fund (NYSE:MXF) Major Shareholder Purchases $91,926.90 in 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 cost of $21.06 per share, with a total value of $91,926.90. Following the completion of the transaction, the insider owned 2,540,570 shares of the company’s stock, valued at approximately $53,504,404.20. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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, November 11th, Saba Capital Management, L.P. purchased 31,698 shares of Mexico Fund stock. The stock was bought at an average price of $21.33 per share, for a total transaction of $676,118.34.
• On Tuesday, November 10th, Saba Capital Management, L.P. bought 3,762 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.05 per share, with a total value of $79,190.10.
• On Friday, November 6th, Saba Capital Management, L.P. bought 18,250 shares of Mexico Fund stock. The shares were acquired at an average price of $20.75 per share, for a total transaction of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. acquired 24,115 shares of Mexico Fund stock. The shares were bought at an average price of $20.72 per share, for a total transaction of $499,662.80.
• On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The stock was bought at an average cost of $20.95 per share, with a total value of $314,480.45.
• On Tuesday, November 3rd, Saba Capital Management, L.P. acquired 13,804 shares of Mexico Fund stock. The shares were purchased at an average cost 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 shares were purchased at an average price 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 price of $20.25 per share, for a total transaction of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. bought 23,901 shares of Mexico Fund stock. The stock was bought at an average cost of $20.11 per share, with a total value of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. bought 1,121 shares of Mexico Fund stock. The stock was bought at an average price of $20.13 per share, for a total transaction of $22,565.73.

Mexico Fund Price Performance

NYSE MXF opened at $21.11 on Friday. Mexico Fund, Inc. has a twelve month low of $18.62 and a twelve month high of $23.00. The business’s fifty day moving average is $20.68 and its 200 day moving average is $21.42.

Mexico Fund Dividend Announcement

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

Institutional Trading of Mexico Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Mexico Fund in the 2nd quarter valued at about $2,266,000. North Ground Capital bought a new position in Mexico Fund during the second quarter worth $2,981,931. Saba Capital Management L.P. grew its stake in shares of Mexico Fund by 4.3% in the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after buying an additional 73,032 shares during the period. Almitas Capital LLC acquired a new stake in shares of Mexico Fund in the 2nd quarter valued at about $3,736,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after acquiring an additional 27,983 shares during the period.

About Mexico Fund

The Mexico Fund, Inc. is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of Mexican companies. Its portfolio provides investors with exposure to businesses operating in Mexico across a range of industries. Established in 1981, the fund is focused on the Mexican market rather than operating businesses or providing products and services directly. Its investment adviser is Impulsora del Fondo México, S.A. de C.V.