The Mexico Fund (NYSE:MXF) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of The Mexico Fund, Inc. (NYSE:MXF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.62 and traded as low as $13.16. The Mexico Fund shares last traded at $13.24, with a volume of 114,490 shares trading hands.

The Mexico Fund Stock Performance

The business has a 50-day simple moving average of $13.55 and a 200-day simple moving average of $14.62.

The Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.65%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Toth Financial Advisory Corp bought a new stake in The Mexico Fund during the 3rd quarter valued at $66,000. Blankinship & Foster LLC purchased a new position in shares of The Mexico Fund during the 3rd quarter valued at about $160,000. PFG Investments LLC purchased a new position in shares of The Mexico Fund during the 3rd quarter valued at about $174,000. Landscape Capital Management L.L.C. grew its position in shares of The Mexico Fund by 62.4% during 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 acquiring an additional 29,079 shares during the period. Finally, Logan Stone Capital LLC grew its position 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 valued at $1,115,000 after acquiring an additional 42,069 shares during the period.

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.