Insider Buying: The Mexico Fund, Inc. (NYSE:MXF) Director Buys $39,824.96 in Stock

The Mexico Fund, Inc. (NYSE:MXF) Director Claudia Janez bought 2,576 shares of The Mexico Fund stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $15.46 per share, for a total transaction of $39,824.96. Following the acquisition, the director now directly owns 2,576 shares in the company, valued at approximately $39,824.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Mexico Fund Price Performance

NYSE:MXF opened at $15.15 on Friday. The business’s 50-day moving average is $15.25 and its two-hundred day moving average is $16.82. The Mexico Fund, Inc. has a 12 month low of $14.27 and a 12 month high of $19.69.

The Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $0.88 annualized dividend and a dividend yield of 5.81%.

Hedge Funds Weigh In On The Mexico Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Logan Stone Capital LLC grew its position 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 valued at $1,115,000 after acquiring an additional 42,069 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in The Mexico Fund by 384.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock valued at $1,216,000 after purchasing an additional 60,344 shares in the last quarter. Matisse Capital grew its holdings in The Mexico Fund by 42.4% during the 2nd quarter. Matisse Capital now owns 153,000 shares of the investment management company’s stock valued at $2,448,000 after purchasing an additional 45,576 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in The Mexico Fund by 0.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,687,120 shares of the investment management company’s stock worth $26,994,000 after buying an additional 9,684 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its holdings in The Mexico Fund by 0.3% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 3,503,409 shares of the investment management company’s stock worth $67,336,000 after buying an additional 11,887 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.