Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 25,900 Shares of Company Stock

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 25,900 shares of the stock in a transaction on Monday, October 5th. The shares were acquired at an average cost of $20.09 per share, for a total transaction of $520,331.00. Following the acquisition, the insider directly owned 2,393,834 shares in the company, valued at approximately $48,092,125.06. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 Friday, October 2nd, Saba Capital Management, L.P. purchased 1,573 shares of Mexico Fund stock. The stock was bought at an average cost of $19.74 per share, with a total value of $31,051.02.
• On Thursday, October 1st, Saba Capital Management, L.P. purchased 17,921 shares of Mexico Fund stock. The stock was bought at an average price of $20.00 per share, with a total value of $358,420.00.
• On Wednesday, September 30th, Saba Capital Management, L.P. purchased 1,238 shares of Mexico Fund stock. The stock was bought at an average price of $20.39 per share, with a total value of $25,242.82.
• On Monday, September 28th, Saba Capital Management, L.P. acquired 4,133 shares of Mexico Fund stock. The shares were bought at an average price of $20.74 per share, for a total transaction of $85,718.42.
• On Friday, September 25th, Saba Capital Management, L.P. acquired 834 shares of Mexico Fund stock. The shares were bought at an average price of $20.74 per share, for a total transaction of $17,297.16.
• On Thursday, September 24th, Saba Capital Management, L.P. acquired 1,049 shares of Mexico Fund stock. The shares were bought at an average cost of $20.69 per share, for a total transaction of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. bought 28,464 shares of Mexico Fund stock. The stock was bought at an average price of $21.02 per share, with a total value of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. bought 110 shares of Mexico Fund stock. The stock was bought at an average price of $20.90 per share, with a total value of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. bought 2,034 shares of Mexico Fund stock. The shares were bought at an average cost of $21.03 per share, with a total value of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. purchased 6,403 shares of Mexico Fund stock. The shares were bought at an average price of $20.63 per share, for a total transaction of $132,093.89.

Mexico Fund Trading Down 0.2%

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Shares of MXF opened at $20.19 on Thursday. Mexico Fund, Inc. has a twelve month low of $18.30 and a twelve month high of $23.00. The business's 50-day moving average price is $21.31 and its 200-day moving average price is $21.50.

Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 21st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $1.40 annualized dividend and a yield of 6.9%.

Institutional Trading of Mexico Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. grew its position 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 purchasing an additional 73,032 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company's stock worth $20,548,000 after buying an additional 27,983 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Mexico Fund in the second quarter worth $3,736,000. North Ground Capital bought a new stake in Mexico Fund during the second quarter valued at $2,981,931. Finally, Altium Capital Management LLC boosted its stake in Mexico Fund by 165.5% during the first 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.

About Mexico Fund

(Get Free Report)

The Mexico Fund, Inc (NYSE: MXF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in securities of Mexican companies. The fund primarily invests in publicly traded equities, although it may also hold other investments that provide exposure to Mexico's economy and financial markets.

MXF offers investors a vehicle for gaining diversified exposure to Mexico across multiple industries and sectors. Its portfolio may include companies that operate in areas such as consumer goods, financial services, telecommunications, industrials, materials, and other segments of the Mexican economy.

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