The Mexico Fund (NYSE:MXF) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

The Mexico Fund, Inc. (NYSE:MXFGet Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

The Mexico Fund Trading Up 0.5 %

The company’s fifty day moving average is $13.55 and its two-hundred day moving average is $14.62.

The Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd will be issued a $0.22 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.65%.

Institutional Investors Weigh In On The Mexico Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in The Mexico Fund in the 3rd quarter worth about $4,799,000. Landscape Capital Management L.L.C. lifted its stake in The Mexico Fund by 62.4% during the third 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. Logan Stone Capital LLC raised its holdings in shares of 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 acquiring an additional 42,069 shares during the period. PFG Investments LLC acquired a new stake in shares of The Mexico Fund during the third quarter valued at approximately $174,000. Finally, Blankinship & Foster LLC acquired a new stake in shares of The Mexico Fund during the third quarter valued at approximately $160,000.

About The Mexico Fund

(Get Free Report)

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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