Mexico Fund (NYSE:MXF) Stock: Insider Saba Capital Management, L.P. Purchases 3,762 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. purchased 3,762 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were bought at an average price of $21.05 per share, for a total transaction of $79,190.10. Following the completion of the transaction, the insider directly owned 2,544,332 shares in the company, valued at approximately $53,558,188.60. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Wednesday, November 11th, Saba Capital Management, L.P. purchased 31,698 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.33 per share, for a total transaction of $676,118.34.
• On Monday, November 9th, Saba Capital Management, L.P. bought 4,365 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.06 per share, for a total transaction of $91,926.90.
• On Friday, November 6th, Saba Capital Management, L.P. acquired 18,250 shares of Mexico Fund stock. The stock was bought at an average cost of $20.75 per share, with a total value of $378,687.50.
• On Thursday, November 5th, Saba Capital Management, L.P. purchased 24,115 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.72 per share, with a total value of $499,662.80.
• On Wednesday, November 4th, Saba Capital Management, L.P. purchased 15,011 shares of Mexico Fund stock. The stock was acquired 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. purchased 13,804 shares of Mexico Fund stock. The stock was bought at an average cost of $20.54 per share, for a total transaction of $283,534.16.
• On Monday, November 2nd, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.51 per share, with a total value of $4,102.00.
• On Friday, October 30th, Saba Capital Management, L.P. bought 15,143 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.25 per share, with a total value of $306,645.75.
• On Thursday, October 29th, Saba Capital Management, L.P. purchased 23,901 shares of Mexico Fund stock. The shares were bought at an average price of $20.11 per share, with a total value of $480,649.11.
• On Wednesday, October 28th, Saba Capital Management, L.P. acquired 1,121 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.13 per share, with a total value of $22,565.73.

Mexico Fund Stock Performance

MXF stock traded up $0.04 during trading hours on Friday, hitting $21.14. The company’s stock had a trading volume of 14,747 shares, compared to its average volume of 43,773. Mexico Fund, Inc. has a 12 month low of $18.62 and a 12 month high of $23.00. The stock has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $21.41.

Mexico Fund Dividend Announcement

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

Institutional Investors Weigh In On Mexico Fund

Hedge funds have recently modified their holdings of the business. Beverly Hills Private Wealth LLC grew its position in Mexico Fund by 13.2% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 41,537 shares of the investment management company’s stock worth $847,000 after purchasing an additional 4,855 shares during the last quarter. Uhlmann Price Securities LLC increased its holdings in shares of Mexico Fund by 2.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 113,006 shares of the investment management company’s stock worth $2,304,000 after purchasing an additional 2,544 shares during the period. Calamos Advisors LLC raised its position in shares of Mexico Fund by 6.7% during the third quarter. Calamos Advisors LLC now owns 16,802 shares of the investment management company’s stock valued at $343,000 after buying an additional 1,050 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of Mexico Fund by 0.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,230,491 shares of the investment management company’s stock valued at $65,870,000 after buying an additional 19,166 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Mexico Fund by 25.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 37,957 shares of the investment management company’s stock valued at $774,000 after buying an additional 7,774 shares during the last quarter.

Mexico Fund Company Profile

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.