The Mexico Fund (NYSE:MXF) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

The Mexico Fund, Inc. (NYSE:MXF) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.31 and traded as high as $14.69. The Mexico Fund shares last traded at $14.66, with a volume of 48,230 shares traded.

The Mexico Fund Stock Up 1.4 %

The firm has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $14.31.

The Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Wednesday, January 22nd.

Insider Buying and Selling

In other The Mexico Fund news, CEO Alberto Osorio acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 115,195 shares of the company’s stock, valued at approximately $1,558,588.35. This represents a 14.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Mexico Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in The Mexico Fund in the 3rd quarter valued at $66,000. Blankinship & Foster LLC acquired a new stake in The Mexico Fund during the 3rd quarter worth approximately $160,000. PFG Investments LLC bought a new stake in shares of The Mexico Fund in the third quarter valued at about $174,000. Calamos Advisors LLC bought a new position in The Mexico Fund during the 4th quarter worth $174,000. Finally, Matisse Capital boosted its position in shares of The Mexico Fund by 7.7% during the 4th quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock worth $2,574,000 after acquiring an additional 14,000 shares in the last quarter.

The Mexico Fund Company Profile

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.