Saba Capital Management, L.P. Buys 2,520 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 2,520 shares of Mexico Fund stock in a transaction dated Monday, January 12th. The stock was purchased at an average price of $20.45 per share, with a total value of $51,534.00. Following the completion of the purchase, the insider owned 1,693,830 shares of the company’s stock, valued at approximately $34,638,823.50. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, January 9th, Saba Capital Management, L.P. bought 10 shares of Mexico Fund stock. The stock was purchased at an average price of $20.24 per share, for a total transaction of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. purchased 16,228 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.95 per share, with a total value of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. acquired 28,475 shares of Mexico Fund stock. The shares were acquired at an average price of $20.22 per share, with a total value of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. acquired 9,400 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.91 per share, for a total transaction of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. acquired 6,008 shares of Mexico Fund stock. The stock was acquired at an average price of $20.20 per share, for a total transaction of $121,361.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.70 per share, with a total value of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. bought 628 shares of Mexico Fund stock. The shares were acquired at an average price of $19.74 per share, with a total value of $12,396.72.
• On Monday, December 8th, Saba Capital Management, L.P. purchased 2,403 shares of Mexico Fund stock. The stock was acquired at an average cost of $19.63 per share, for a total transaction of $47,170.89.
• On Friday, December 5th, Saba Capital Management, L.P. acquired 15,492 shares of Mexico Fund stock. The shares were bought at an average price of $19.59 per share, with a total value of $303,488.28.
• On Thursday, December 4th, Saba Capital Management, L.P. acquired 698 shares of Mexico Fund stock. The stock was bought at an average cost of $19.58 per share, with a total value of $13,666.84.

Mexico Fund Stock Up 0.8%

Shares of MXF traded up $0.16 during mid-day trading on Tuesday, reaching $20.70. The company had a trading volume of 36,577 shares, compared to its average volume of 57,557. The stock has a 50 day moving average of $19.76 and a two-hundred day moving average of $18.84. Mexico Fund, Inc. has a 52-week low of $13.10 and a 52-week high of $20.79.

Mexico Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.35 per share. This is a positive change from Mexico Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $1.40 annualized dividend and a dividend yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC boosted its holdings in Mexico Fund by 0.7% in the 2nd quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company’s stock worth $1,783,000 after buying an additional 696 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Mexico Fund by 92.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,200 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of Mexico Fund by 21.7% in the third 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 in the last quarter. Quantedge Capital Pte Ltd boosted its stake in shares of Mexico Fund by 3.7% in the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after acquiring an additional 4,650 shares during the last quarter. Finally, SFI Advisors LLC boosted its stake in shares of Mexico Fund by 4.6% in the second quarter. SFI Advisors LLC now owns 137,928 shares of the investment management company’s stock worth $2,423,000 after acquiring an additional 6,121 shares during 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.