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

Shares of The Mexico Fund, Inc. (NYSE:MXF) 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 Stock Down 0.7 %

The business has a fifty day moving average price of $14.60 and a 200-day moving average price of $15.71.

The Mexico Fund Dividend Announcement

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

Insider Transactions at The Mexico Fund

In other The Mexico Fund news, Director Claudia Janez purchased 2,576 shares of the stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $15.46 per share, with a total value of $39,824.96. Following the completion of the purchase, the director now directly owns 2,576 shares of the company’s stock, valued at approximately $39,824.96. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in The Mexico Fund during the 3rd quarter valued at about $4,799,000. 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 valued at $1,142,000 after buying an additional 29,079 shares during the period. PFG Investments LLC bought a new position in The Mexico Fund in the 3rd quarter worth $174,000. Toth Financial Advisory Corp purchased a new stake in The Mexico Fund in the third quarter worth about $66,000. Finally, Logan Stone Capital LLC boosted its position in 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 acquiring an additional 42,069 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.