Saba Capital Management Increases Stake in The Mexico Fund, Inc.

L.P. Saba Capital Management made a move to increase its stake in The Mexico Fund, Inc. (NYSE:MXF), buying 1,261 shares on June 18, 2026. The shares were purchased at an average price of $22.19 each, totaling about $27,981.59. This purchase is part of a series of acquisitions by Saba Capital Management over the past week.

Insider Buying and Selling at The Mexico Fund, Inc.

Saba Capital Management has been actively purchasing shares of The Mexico Fund, Inc. over several days in June 2026. On June 18, they bought 1,261 shares at $22.19. This was preceded by purchases of 4,037 shares on June 17 at $22.23, 29,500 shares on June 12 at $22.30, 5,117 shares on June 11 at $21.60, 11,081 shares on June 10 at $21.39, and 3,600 shares on June 9 at $21.14.

Other Institutional Activity in The Mexico Fund, Inc.

Among other institutional investors, City of London Investment Management Co Ltd reduced its holdings by 55,248 shares, leaving it with 3,241,427 shares valued at about $67.8 million. Saba Capital Management increased its position by 73,032 shares, now holding 1,764,332 shares worth approximately $36.9 million. Allspring Global Investments Holdings, LLC added 27,983 shares, totaling 981,733 shares valued at $20.5 million. In contrast, Lazard Asset Management LLC cut its stake by 234,297 shares, holding 717,886 shares valued at $15 million. Almitas Capital LLC slightly reduced its position by 2,419 shares, now owning 183,505 shares worth about $3.8 million.

The Mexico Fund, Inc. Stock Down 0.6%

Shares of The Mexico Fund, Inc. traded near $21.81 on Monday. The company has a market capitalization of around $320.8 million and a P/E ratio of 4.23. Its beta is 0.802, indicating lower volatility compared to the market. Over the past year, the stock has ranged from a low of $16.47 to a high of $23.00. The 50-day and 200-day moving averages are $21.79 and $20.59, respectively. Additionally, the company maintains a strong current ratio of 24.756.

Dividend

The Mexico Fund, Inc. offers an annual dividend rate of $1.40, yielding 6.29%. Its dividend payout ratio is relatively low at 17.87%, suggesting a sustainable dividend policy.

About The Mexico Fund, Inc.

The Mexico Fund, Inc. is a closed-ended equity mutual fund managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets in Mexico, targeting diversification across various sectors. The fund was established on June 1, 1981, and is headquartered in Mexico City, DF, with its operations domiciled in Maryland, United States. The fund is led by CEO Mr. Alberto Osorio Morales.

Bottom Line

Saba Capital Management's recent stock purchases indicate increased confidence in The Mexico Fund, Inc. Investors often track such insider activity for insights into potential company performance. However, it's important to remember that these transactions are backward-looking and may not reflect current positions.