The Mexico Fund (NYSE:MXF) Share Price Crosses Below 200 Day Moving Average of $15.37

Shares of The Mexico Fund, Inc. (NYSE:MXF – Get Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.37 and traded as low as $14.09. The Mexico Fund shares last traded at $14.27, with a volume of 9,544 shares trading hands.

The business’s 50-day moving average is $15.27 and its 200 day moving average is $15.37.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Wednesday, July 20th will be issued a dividend of $0.0667 per share. The ex-dividend date is Tuesday, July 19th. This represents a $0.27 annualized dividend and a dividend yield of 1.87%.

A number of hedge funds and other institutional investors have recently made changes to their positions in MXF. Guggenheim Capital LLC acquired a new stake in shares of The Mexico Fund during the 3rd quarter worth $154,000. Raymond James & Associates acquired a new stake in The Mexico Fund during the first quarter worth about $207,000. Shepherd Kaplan Krochuk LLC increased its holdings in The Mexico Fund by 9.8% in the 1st quarter. Shepherd Kaplan Krochuk LLC now owns 22,960 shares of the investment management company’s stock valued at $381,000 after buying an additional 2,040 shares during the period. Hudson Portfolio Management LLC raised its position in shares of The Mexico Fund by 1.6% in the 1st quarter. Hudson Portfolio Management LLC now owns 44,415 shares of the investment management company’s stock valued at $736,000 after buying an additional 700 shares in the last quarter. Finally, Matisse Capital bought a new stake in shares of The Mexico Fund during the 4th quarter worth approximately $1,044,000. 51.34% of the stock is owned by hedge funds and other institutional investors.

About The Mexico Fund (NYSE:MXF)

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.

Further Reading

• Get a free copy of the StockNews.com research report on The Mexico Fund (MXF)
• Victoria’s Secret Stock is Out of the Box
• Downturn Gives These 3 Buys Juicy Dividend Yields
• Time For a Ride in Six Flags Stock
• Why Dollar General (NYSE: DG) Should Be In Your Portfolio
• Korn Ferry Is A Good Buy For The Recession And Beyond 

Want More Great Investing Ideas?