The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.71 and traded as low as $13.40. The Mexico Fund shares last traded at $13.50, with a volume of 67,841 shares traded.
The Mexico Fund Stock Down 0.7 %
The stock has a 50 day moving average price of $14.60 and a two-hundred day moving average price of $15.71.
The Mexico Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 22nd were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.52%.
Insider Transactions at The Mexico Fund
In other news, Director Claudia Janez acquired 2,576 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $15.46 per share, for a total transaction of $39,824.96. Following the completion of the acquisition, the director now owns 2,576 shares in the company, valued at $39,824.96. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.69% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On The Mexico Fund
A number of institutional investors and hedge funds have recently made changes to their positions in MXF. Toth Financial Advisory Corp bought a new position in The Mexico Fund during the third quarter worth $66,000. PFG Investments LLC acquired a new stake in The Mexico Fund during the 3rd quarter worth approximately $174,000. Logan Stone Capital LLC boosted its stake in The Mexico Fund by 152.2% in the 2nd quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company's stock valued at $1,115,000 after purchasing an additional 42,069 shares during the period. Landscape Capital Management L.L.C. grew its holdings in The Mexico Fund by 62.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 75,681 shares of the investment management company's stock valued at $1,142,000 after buying an additional 29,079 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in The Mexico Fund by 384.8% during the second quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company's stock worth $1,216,000 after acquiring an additional 60,344 shares during the period.
About The Mexico Fund
(
Get Free Report)
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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