Saba Capital Management, L.P. Buys 13,451 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 13,451 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $18.94 per share, for a total transaction of $254,761.94. Following the completion of the acquisition, the insider directly owned 1,550,425 shares in the company, valued at approximately $29,365,049.50. This represents a 0.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 Thursday, October 23rd, Saba Capital Management, L.P. bought 506 shares of Mexico Fund stock. The shares were acquired at an average price of $18.64 per share, with a total value of $9,431.84.

Mexico Fund Stock Performance

Mexico Fund stock opened at $19.00 on Thursday. Mexico Fund, Inc. has a 1 year low of $12.99 and a 1 year high of $19.86. The firm’s 50 day moving average price is $19.12 and its two-hundred day moving average price is $17.96.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, October 22nd.

Institutional Investors Weigh In On Mexico Fund

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its holdings in shares of Mexico Fund by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 236,078 shares of the investment management company’s stock worth $3,359,000 after buying an additional 90,483 shares during the period. SFI Advisors LLC lifted its position in shares of Mexico Fund by 342.4% in the 1st quarter. SFI Advisors LLC now owns 131,807 shares of the investment management company’s stock valued at $1,876,000 after acquiring an additional 102,015 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Mexico Fund by 34.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company’s stock worth $1,050,000 after purchasing an additional 19,109 shares during the period. City of London Investment Management Co. Ltd. grew its position in Mexico Fund by 9.3% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock worth $63,406,000 after purchasing an additional 305,864 shares in the last quarter. Finally, Almitas Capital LLC raised its stake in Mexico Fund by 8.3% during the 1st quarter. Almitas Capital LLC now owns 344,264 shares of the investment management company’s stock valued at $4,899,000 after purchasing an additional 26,418 shares during the period.

Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.