Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 32,102 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 32,102 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $21.61 per share, for a total transaction of $693,724.22. Following the transaction, the insider owned 2,165,481 shares of the company’s stock, valued at $46,796,044.41. The trade was a 1.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Friday, June 5th, Saba Capital Management, L.P. bought 19,906 shares of Mexico Fund stock. The shares were purchased at an average price of $21.64 per share, for a total transaction of $430,765.84.
• On Wednesday, June 3rd, Saba Capital Management, L.P. bought 31,949 shares of Mexico Fund stock. The shares were purchased at an average price of $22.16 per share, for a total transaction of $707,989.84.
• On Tuesday, June 2nd, Saba Capital Management, L.P. bought 9,633 shares of Mexico Fund stock. The shares were purchased at an average price of $22.24 per share, for a total transaction of $214,237.92.
• On Monday, June 1st, Saba Capital Management, L.P. bought 708 shares of Mexico Fund stock. The shares were purchased at an average price of $21.90 per share, for a total transaction of $15,505.20.
• On Friday, May 29th, Saba Capital Management, L.P. bought 18,466 shares of Mexico Fund stock. The shares were purchased at an average price of $22.17 per share, for a total transaction of $409,391.22.
• On Thursday, May 28th, Saba Capital Management, L.P. bought 6,700 shares of Mexico Fund stock. The shares were purchased at an average price of $22.16 per share, for a total transaction of $148,472.00.
• On Wednesday, May 27th, Saba Capital Management, L.P. bought 44,608 shares of Mexico Fund stock. The shares were purchased at an average price of $22.27 per share, for a total transaction of $993,420.16.
• On Tuesday, May 26th, Saba Capital Management, L.P. bought 14,402 shares of Mexico Fund stock. The shares were purchased at an average price of $21.99 per share, for a total transaction of $316,699.98.
• On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The shares were purchased at an average price of $21.67 per share, for a total transaction of $155,287.22.
• On Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The shares were purchased at an average price of $21.68 per share, for a total transaction of $99,944.80.

Mexico Fund Stock Performance

Shares of NYSE MXF opened at $21.26 on Tuesday. The firm’s 50 day moving average price is $21.68 and its 200 day moving average price is $21.14. Mexico Fund, Inc. has a 1 year low of $16.43 and a 1 year high of $23.00.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a dividend yield of 6.6%.

Institutional Trading of Mexico Fund

Several institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. grew its stake in shares of Mexico Fund by 4.3% during 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. Allspring Global Investments Holdings LLC grew its stake in shares of Mexico Fund by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after buying an additional 27,983 shares during the period. Calamos Advisors LLC grew its stake in shares of Mexico Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock valued at $446,000 after buying an additional 2,535 shares during the period. Altium Capital Management LLC grew its stake in shares of Mexico Fund by 165.5% during the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after buying an additional 79,898 shares during the period. Finally, Uhlmann Price Securities LLC lifted its holdings in shares of Mexico Fund by 1.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after acquiring an additional 2,013 shares in 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.