The Mexico Fund (NYSE:MXF) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of The Mexico Fund, Inc. (NYSE:MXF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.86 and traded as low as $13.36. The Mexico Fund shares last traded at $13.45, with a volume of 32,368 shares trading hands.

The Mexico Fund Stock Up 1.9 %

The firm has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $14.86.

The Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $0.88 annualized dividend and a dividend yield of 6.54%.

Institutional Investors Weigh In On The Mexico Fund

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of The Mexico Fund during the 3rd quarter valued at $4,799,000. Logan Stone Capital LLC boosted its holdings in The Mexico Fund by 152.2% in the second quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock worth $1,115,000 after acquiring an additional 42,069 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of The Mexico Fund by 384.8% during the second quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock worth $1,216,000 after acquiring an additional 60,344 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of The Mexico Fund during the third quarter valued at about $160,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of The Mexico Fund in the 3rd quarter valued at approximately $66,000.

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.