The Mexico Fund (NYSE:MXF) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of The Mexico Fund, Inc. (NYSE:MXF) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.62 and traded as low as $13.16. The Mexico Fund shares last traded at $13.24, with a volume of 114,490 shares traded.

The Mexico Fund Price Performance

The business has a 50 day moving average price of $13.55 and a 200-day moving average price of $14.60.

The Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MXF. Public Employees Retirement System of Ohio bought a new stake in The Mexico Fund in the third quarter valued at $4,799,000. Landscape Capital Management L.L.C. grew 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 buying an additional 29,079 shares during the period. Logan Stone Capital LLC increased its position in The Mexico Fund by 152.2% in 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 buying an additional 42,069 shares in the last quarter. PFG Investments LLC acquired a new position in The Mexico Fund during the 3rd quarter worth approximately $174,000. Finally, Blankinship & Foster LLC acquired a new position in The Mexico Fund during the 3rd quarter worth approximately $160,000.

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.