The Mexico Fund (NYSE:MXF) Share Price Passes Above 50-Day Moving Average of $15.47

The Mexico Fund, Inc. (NYSE:MXFGet Rating)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.47 and traded as high as $16.83. The Mexico Fund shares last traded at $16.79, with a volume of 96,912 shares traded.

The Mexico Fund Stock Up 1.2 %

The business has a fifty day moving average price of $15.47 and a 200 day moving average price of $14.46.

The Mexico Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Wednesday, January 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.76%. This is an increase from The Mexico Fund’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, January 17th.

Hedge Funds Weigh In On The Mexico Fund

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of The Mexico Fund by 28.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,803,931 shares of the investment management company’s stock worth $26,590,000 after purchasing an additional 402,194 shares during the period. Lazard Asset Management LLC grew its stake in shares of The Mexico Fund by 11.4% in the second quarter. Lazard Asset Management LLC now owns 1,712,947 shares of the investment management company’s stock valued at $24,717,000 after buying an additional 175,125 shares in the last quarter. Matisse Capital grew its stake in shares of The Mexico Fund by 40.8% in the fourth quarter. Matisse Capital now owns 90,000 shares of the investment management company’s stock valued at $1,327,000 after buying an additional 26,096 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of The Mexico Fund in the third quarter valued at about $572,000. Finally, Bulldog Investors LLP acquired a new stake in shares of The Mexico Fund in the third quarter valued at about $572,000. 46.05% of the stock is currently owned by hedge funds and other institutional investors.

The Mexico Fund Company Profile

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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.

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