Shares of The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.48 and traded as low as $13.70. The Mexico Fund shares last traded at $13.80, with a volume of 77,274 shares traded.
The Mexico Fund Trading Up 2.2 %
The business's 50-day simple moving average is $13.58 and its 200-day simple moving average is $14.42.
The Mexico Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd were given a $0.22 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $0.88 annualized dividend and a dividend yield of 6.37%.
Insider Activity
In other The Mexico Fund news, CEO Alberto Osorio bought 15,000 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average cost of $13.53 per share, with a total value of $202,950.00. Following the completion of the purchase, the chief executive officer now owns 115,195 shares in the company, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.69% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On The Mexico Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in The Mexico Fund during the 3rd quarter worth approximately $4,799,000. Wolverine Asset Management LLC lifted its holdings in shares of The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after acquiring an additional 71,133 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in shares of 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 purchasing an additional 29,079 shares in the last quarter. Matisse Capital boosted its stake in The Mexico Fund by 7.7% in the fourth quarter. Matisse Capital now owns 195,000 shares of the investment management company's stock valued at $2,574,000 after buying an additional 14,000 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of The Mexico Fund in the 4th quarter valued at approximately $174,000.
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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