The Mexico Fund (NYSE:MXF) Shares Cross Below 200 Day Moving Average – What’s Next?

The Mexico Fund, Inc. (NYSE:MXF) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.86 and traded as low as $13.36. The Mexico Fund shares last traded at $13.45, with a volume of 32,368 shares traded.

The Mexico Fund Stock Down 1.6 %

The business’s fifty day moving average is $13.69 and its 200 day moving average is $14.84.

The Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MXF. Toth Financial Advisory Corp purchased a new position in The Mexico Fund during the 3rd quarter valued at about $66,000. Blankinship & Foster LLC purchased a new position in The Mexico Fund during the third quarter valued at approximately $160,000. PFG Investments LLC purchased a new position in The Mexico Fund during the third quarter valued at approximately $174,000. Logan Stone Capital LLC increased its stake 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 during the period. Finally, Landscape Capital Management L.L.C. lifted its position in 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 worth $1,142,000 after buying an additional 29,079 shares in the last quarter.

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.