The Mexico Fund (NYSE:MXF) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

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 $14.48 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 Price Performance

The company’s fifty day moving average is $13.58 and its two-hundred day moving average is $14.46.

The Mexico Fund Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Alberto Osorio acquired 15,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the transaction, the chief executive officer now owns 115,195 shares in the company, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Mexico Fund

Several large investors have recently made changes to their positions in MXF. Toth Financial Advisory Corp acquired a new stake in The Mexico Fund in the 3rd quarter valued at $66,000. Blankinship & Foster LLC purchased a new position in The Mexico Fund during the third quarter valued at $160,000. PFG Investments LLC purchased a new position in The Mexico Fund during the third quarter valued at $174,000. Calamos Advisors LLC acquired a new stake in shares of The Mexico Fund in the fourth quarter valued at about $174,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of The Mexico Fund by 62.4% during the third 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 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.