The Mexico Fund, Inc. (NYSE:MXF) Director Buys $24,210.00 in Stock

The Mexico Fund, Inc. (NYSE:MXF) Director Richard B. Vaughan purchased 1,500 shares of the stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of $16.14 per share, with a total value of $24,210.00. Following the completion of the purchase, the director now owns 8,500 shares in the company, valued at $137,190. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The Mexico Fund Stock Performance

Shares of NYSE MXF opened at $16.13 on Monday. The Mexico Fund, Inc. has a 52-week low of $14.77 and a 52-week high of $19.69. The firm has a 50 day moving average price of $17.57 and a 200 day moving average price of $18.27.

The Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 17th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $0.88 dividend on an annualized basis and a yield of 5.46%.

Institutional Investors Weigh In On The Mexico Fund

Hedge funds have recently modified their holdings of the business. Oak Grove Capital LLC bought a new position in The Mexico Fund during the 3rd quarter worth about $188,000. HighTower Advisors LLC grew its stake in shares of The Mexico Fund by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 23,371 shares of the investment management company’s stock worth $388,000 after acquiring an additional 1,348 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new stake in shares of The Mexico Fund in the fourth quarter valued at approximately $680,000. Quantedge Capital Pte Ltd lifted its position in shares of The Mexico Fund by 20.9% in the fourth quarter. Quantedge Capital Pte Ltd now owns 39,901 shares of the investment management company’s stock worth $761,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Matisse Capital boosted its holdings in The Mexico Fund by 19.4% during the first quarter. Matisse Capital now owns 107,424 shares of the investment management company’s stock worth $2,065,000 after purchasing an additional 17,424 shares during the last quarter.

About The Mexico Fund

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.