The Mexico Fund (NYSE:MXF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

The Mexico Fund, Inc. (NYSE:MXF) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

The Mexico Fund Trading Up 0.5 %

The firm’s fifty day moving average is $13.57 and its two-hundred day moving average is $14.48.

The Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date was Wednesday, January 22nd.

Insider Buying and Selling

In related news, CEO Alberto Osorio acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $13.53 per share, with a total value 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 document filed with the SEC, which is available through the SEC website. 2.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp purchased a new position in The Mexico Fund in the 3rd quarter worth $66,000. PFG Investments LLC bought a new stake in shares of The Mexico Fund in the third quarter worth about $174,000. Landscape Capital Management L.L.C. boosted its stake 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 purchasing an additional 29,079 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in The Mexico Fund during the third quarter worth about $4,799,000. Finally, Blankinship & Foster LLC purchased a new position in The Mexico Fund during the third quarter valued at $160,000.

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.