Mexico Fund (NYSE:MXF) Major Shareholder Purchases $993,420.16 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 44,608 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $22.27 per share, with a total value of $993,420.16. Following the transaction, the insider directly owned 2,065,923 shares of the company’s stock, valued at $46,008,105.21. This represents a 2.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, May 26th, Saba Capital Management, L.P. bought 14,402 shares of Mexico Fund stock. The shares were acquired at an average price of $21.99 per share, with a total value of $316,699.98.
• On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The shares were acquired at an average price of $21.67 per share, with a total value of $155,287.22.
• On Wednesday, May 20th, Saba Capital Management, L.P. bought 4,610 shares of Mexico Fund stock. The shares were acquired at an average price of $21.68 per share, with a total value of $99,944.80.
• On Tuesday, May 19th, Saba Capital Management, L.P. bought 22,914 shares of Mexico Fund stock. The shares were acquired at an average price of $21.58 per share, with a total value of $494,484.12.
• On Monday, May 18th, Saba Capital Management, L.P. bought 18,586 shares of Mexico Fund stock. The shares were acquired at an average price of $21.59 per share, with a total value of $401,271.74.
• On Friday, May 15th, Saba Capital Management, L.P. bought 8,334 shares of Mexico Fund stock. The shares were acquired at an average price of $22.00 per share, with a total value of $183,348.00.
• On Thursday, May 14th, Saba Capital Management, L.P. bought 33,108 shares of Mexico Fund stock. The shares were acquired at an average price of $22.00 per share, with a total value of $728,376.00.
• On Wednesday, May 13th, Saba Capital Management, L.P. bought 15,148 shares of Mexico Fund stock. The shares were acquired at an average price of $22.13 per share, with a total value of $335,225.24.
• On Tuesday, May 12th, Saba Capital Management, L.P. bought 9,000 shares of Mexico Fund stock. The shares were acquired at an average price of $22.01 per share, with a total value of $198,090.00.
• On Thursday, May 7th, Saba Capital Management, L.P. bought 3,000 shares of Mexico Fund stock. The shares were acquired at an average price of $21.82 per share, with a total value of $65,460.00.

Mexico Fund Stock Performance

NYSE MXF opened at $22.13 on Friday. Mexico Fund, Inc. has a 1-year low of $16.43 and a 1-year high of $23.00. The business has a 50 day simple moving average of $21.49 and a two-hundred day simple moving average of $21.02.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.3%.

Institutional Trading of Mexico Fund

Large investors have recently added to or reduced their stakes in the company. Altium Capital Management LLC bought a new stake in Mexico Fund in the 4th quarter worth approximately $972,000. Farther Finance Advisors LLC increased its stake in Mexico Fund by 775.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,194 shares during the last quarter. Uhlmann Price Securities LLC increased its stake in Mexico Fund by 1.0% in the 4th quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock worth $2,118,000 after acquiring an additional 1,074 shares during the last quarter. Marex Group plc purchased a new position in shares of Mexico Fund in the 4th quarter worth approximately $1,926,000. Finally, Scotia Capital Inc. boosted its holdings in shares of Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock worth $500,000 after purchasing an additional 14,241 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.