Mexico Fund (NYSE:MXF) Stock Price Crosses Above Fifty Day Moving Average of $13.35

Mexico Fund, Inc. (NYSE:MXF) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.35 and traded as high as $13.63. Mexico Fund shares last traded at $13.56, with a volume of 677 shares trading hands.

The firm has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $13.35.

The firm also recently announced a — dividend, which was paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a yield of 3.7%.

In other Mexico Fund news, CEO Alberto Osorio bought 7,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average cost of $12.92 per share, for a total transaction of $90,440.00. Company insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. City of London Investment Management Co. Ltd. raised its holdings in Mexico Fund by 10.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 4,189,235 shares of the investment management company’s stock valued at $57,455,000 after acquiring an additional 389,856 shares during the last quarter. Point View Wealth Management Inc. bought a new position in shares of Mexico Fund during the second quarter valued at $591,000. 6 Meridian lifted its holdings in shares of Mexico Fund by 16.3% during the third quarter. 6 Meridian now owns 28,967 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 4,061 shares during the period. Royal Bank of Canada lifted its holdings in shares of Mexico Fund by 1,214.7% during the second quarter. Royal Bank of Canada now owns 17,748 shares of the investment management company’s stock valued at $244,000 after acquiring an additional 16,398 shares during the period. Finally, John G Ullman & Associates Inc. bought a new position in shares of Mexico Fund during the second quarter valued at $213,000. Institutional investors and hedge funds own 37.43% of the company’s stock.

Mexico Fund Company Profile (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: Why does a company issue an IPO?

Receive News & Ratings for Mexico Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Fund and related companies with MarketBeat.com's FREE daily email newsletter.