Mexico Fund (NYSE:MXF) Major Shareholder Purchases $63,202.32 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 2,952 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $21.41 per share, for a total transaction of $63,202.32. Following the acquisition, the insider directly owned 2,303,716 shares in the company, valued at approximately $49,322,559.56. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock 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, August 4th, Saba Capital Management, L.P. purchased 9,362 shares of Mexico Fund stock. The stock was bought at an average price of $22.19 per share, for a total transaction of $207,742.78.
• On Wednesday, July 29th, Saba Capital Management, L.P. acquired 3,077 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.34 per share, for a total transaction of $65,663.18.
• On Tuesday, July 28th, Saba Capital Management, L.P. bought 2,608 shares of Mexico Fund stock. The shares were acquired at an average price of $21.56 per share, for a total transaction of $56,228.48.
• On Wednesday, July 22nd, Saba Capital Management, L.P. bought 7,623 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.80 per share, for a total transaction of $166,181.40.
• On Thursday, July 23rd, Saba Capital Management, L.P. purchased 414 shares of Mexico Fund stock. The stock was bought at an average price of $21.11 per share, for a total transaction of $8,739.54.
• On Tuesday, July 21st, Saba Capital Management, L.P. acquired 200 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.52 per share, for a total transaction of $4,304.00.
• On Monday, July 20th, Saba Capital Management, L.P. acquired 7,631 shares of Mexico Fund stock. The shares were purchased at an average cost of $21.49 per share, with a total value of $163,990.19.
• On Wednesday, July 8th, Saba Capital Management, L.P. bought 522 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.26 per share, for a total transaction of $11,097.72.
• On Tuesday, July 7th, Saba Capital Management, L.P. purchased 1,828 shares of Mexico Fund stock. The shares were acquired at an average price of $21.73 per share, for a total transaction of $39,722.44.
• On Wednesday, June 24th, Saba Capital Management, L.P. acquired 5,100 shares of Mexico Fund stock. The stock was acquired at an average price of $21.31 per share, with a total value of $108,681.00.

Mexico Fund Price Performance

Mexico Fund stock opened at $21.35 on Thursday. The business’s fifty day moving average is $21.68 and its two-hundred day moving average is $21.65. Mexico Fund, Inc. has a 52 week low of $17.81 and a 52 week high of $23.00.

Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.6%.

Institutional Trading of Mexico Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. raised its position in shares of Mexico Fund by 32.4% during the fourth quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after acquiring an additional 413,606 shares during the last quarter. Almitas Capital LLC bought a new position in Mexico Fund in the second quarter valued at about $3,736,000. North Ground Capital bought a new position in Mexico Fund in the second quarter valued at about $2,981,931,000. Public Employees Retirement System of Ohio bought a new position in Mexico Fund in the second quarter valued at about $2,266,000. Finally, Marex Group plc acquired a new stake in Mexico Fund in the fourth quarter worth about $1,926,000.

About Mexico Fund

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.