Insider Buying: The Mexico Fund, Inc. (NYSE:MXF) CEO Acquires 15,000 Shares of Stock

The Mexico Fund, Inc. (NYSE:MXF) CEO Alberto Osorio acquired 15,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average cost of $13.53 per share, with a total value of $202,950.00. Following the purchase, the chief executive officer now directly owns 115,195 shares of the company’s stock, valued at $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Mexico Fund Trading Up 1.7 %

NYSE MXF traded up $0.24 on Thursday, hitting $13.82. The company’s stock had a trading volume of 91,969 shares, compared to its average volume of 87,793. The company’s 50-day moving average is $13.55 and its 200 day moving average is $14.59. The Mexico Fund, Inc. has a 1-year low of $12.99 and a 1-year high of $19.69.

The Mexico Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of The Mexico Fund during the third quarter worth $4,799,000. Landscape Capital Management L.L.C. raised its position in shares of The Mexico Fund by 62.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 75,681 shares of the investment management company’s stock worth $1,142,000 after acquiring an additional 29,079 shares in the last quarter. Logan Stone Capital LLC boosted its position in shares of The Mexico Fund by 152.2% during the 2nd quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock valued at $1,115,000 after purchasing an additional 42,069 shares in the last quarter. PFG Investments LLC acquired a new stake in The Mexico Fund during the third quarter worth approximately $174,000. Finally, Blankinship & Foster LLC bought a new stake in The Mexico Fund in the third quarter worth approximately $160,000.

About The Mexico Fund

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.