The Mexico Fund (NYSE:MXF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of The Mexico Fund, Inc. (NYSE:MXF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

The Mexico Fund Trading Up 1.4 %

The firm’s 50-day moving average price is $13.71 and its two-hundred day moving average price is $14.31.

The Mexico Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd were given 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 related news, CEO Alberto Osorio bought 15,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $13.53 per share, with a total value of $202,950.00. Following the completion of the purchase, the chief executive officer now directly owns 115,195 shares in the company, valued at $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 this link. 2.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Mexico Fund

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in The Mexico Fund during the third quarter worth $4,799,000. 1607 Capital Partners LLC raised its holdings in shares of The Mexico Fund by 22.8% in the 4th quarter. 1607 Capital Partners LLC now owns 246,686 shares of the investment management company’s stock valued at $3,256,000 after buying an additional 45,845 shares during the period. Matisse Capital lifted its stake in 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. RPO LLC purchased a new position in The Mexico Fund during the 4th quarter valued at about $1,986,000. Finally, Wolverine Asset Management LLC grew its position in The Mexico Fund by 95.5% in the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company’s stock valued at $1,922,000 after acquiring an additional 71,133 shares in the last quarter.

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.