The Mexico Fund (NYSE:MXF) Shares Cross Below 200-Day Moving Average – Here’s What Happened

The Mexico Fund, Inc. (NYSE:MXF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.71 and traded as low as $13.40. The Mexico Fund shares last traded at $13.50, with a volume of 67,841 shares.

The Mexico Fund Trading Down 0.7 %

The company’s 50-day moving average is $14.60 and its two-hundred day moving average is $15.71.

The Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 22nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Insider Buying and Selling

In related news, Director Claudia Janez bought 2,576 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $15.46 per share, for a total transaction of $39,824.96. Following the completion of the acquisition, the director now owns 2,576 shares of the company’s stock, valued at $39,824.96. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Mexico Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in The Mexico Fund during the third quarter valued at $66,000. PFG Investments LLC bought a new stake in shares of The Mexico Fund during the 3rd quarter valued at about $174,000. Logan Stone Capital LLC increased 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 purchasing an additional 42,069 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of The Mexico Fund by 62.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 75,681 shares of the investment management company’s stock worth $1,142,000 after purchasing an additional 29,079 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in shares of The Mexico Fund by 384.8% in the second quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock worth $1,216,000 after buying an additional 60,344 shares during 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.