Mexico Fund, Inc. (NYSE:MXF)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.30 and traded as high as $14.52. Mexico Fund shares last traded at $14.45, with a volume of 12,138 shares traded.
The firm’s fifty day simple moving average is $14.32 and its 200-day simple moving average is $13.41.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.2306 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $0.92 annualized dividend and a yield of 6.42%.
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in 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 purchasing an additional 16,398 shares during the last quarter. 6 Meridian lifted its holdings in 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 purchasing an additional 4,061 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Mexico Fund during the fourth quarter valued at about $372,000. Cornerstone Advisors LLC purchased a new stake in Mexico Fund during the fourth quarter valued at about $2,165,000. Finally, City of London Investment Management Co. Ltd. lifted its holdings in Mexico Fund by 2.3% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 4,524,789 shares of the investment management company’s stock valued at $62,148,000 after purchasing an additional 99,673 shares during the last quarter. Hedge funds and other institutional investors own 38.05% 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.
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