The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) CEO Alberto Osorio bought 15,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the acquisition, the chief executive officer now owns 115,195 shares of the company's stock, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
The Mexico Fund Stock Up 0.9 %
The Mexico Fund stock traded up $0.12 during trading hours on Friday, reaching $13.86. 48,222 shares of the stock were exchanged, compared to its average volume of 89,948. The firm's 50 day moving average is $13.56 and its 200 day moving average is $14.57. The Mexico Fund, Inc. has a 52-week low of $12.99 and a 52-week high of $19.69.
The Mexico Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd will be given a $0.22 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.35%.
Hedge Funds Weigh In On The Mexico Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in MXF. Toth Financial Advisory Corp acquired a new stake in shares of The Mexico Fund in the 3rd quarter valued at approximately $66,000. Blankinship & Foster LLC purchased a new position in The Mexico Fund in the third quarter worth $160,000. Calamos Advisors LLC acquired a new stake in The Mexico Fund in the fourth quarter valued at $174,000. PFG Investments LLC purchased a new stake in shares of The Mexico Fund during the 3rd quarter worth $174,000. Finally, Logan Stone Capital LLC grew its stake in shares of The Mexico Fund by 152.2% during the 2nd quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company's stock worth $1,115,000 after purchasing an additional 42,069 shares during the period.
The Mexico Fund Company Profile
(
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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.
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