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

The Mexico Fund, Inc. (NYSE:MXF) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.77 and traded as low as $13.29. The Mexico Fund shares last traded at $13.35, with a volume of 77,152 shares.

The Mexico Fund Trading Down 1.0 %

The company has a fifty day moving average price of $13.65 and a 200-day moving average price of $14.77.

The Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Wednesday, January 22nd.

Hedge Funds Weigh In On The Mexico Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of The Mexico Fund during the 3rd quarter valued at about $4,799,000. Logan Stone Capital LLC raised its position in The Mexico Fund by 152.2% during 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 purchasing an additional 42,069 shares during the period. 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 valued at $1,142,000 after purchasing an additional 29,079 shares during the last quarter. PFG Investments LLC bought a new stake in shares of The Mexico Fund in the 3rd quarter valued at approximately $174,000. Finally, Blankinship & Foster LLC purchased a new position in shares of The Mexico Fund in the 3rd quarter worth approximately $160,000.

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.