The Mexico Fund (NYSE:MXF) Shares Pass Below 200-Day Moving Average – What’s Next?

The Mexico Fund, Inc. (NYSE:MXF) passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

The Mexico Fund Stock Performance

The firm’s fifty day moving average price is $13.55 and its 200-day moving average price is $14.60.

The Mexico Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.88 annualized dividend and a yield of 6.48%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in The Mexico Fund during the 3rd quarter worth about $4,799,000. Logan Stone Capital LLC lifted its stake in shares of The Mexico Fund by 152.2% in the second quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock worth $1,115,000 after acquiring an additional 42,069 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in The Mexico Fund by 62.4% in 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 acquiring an additional 29,079 shares during the last quarter. PFG Investments LLC acquired a new stake in The Mexico Fund during the 3rd quarter valued at approximately $174,000. Finally, Blankinship & Foster LLC bought a new position in The Mexico Fund during the 3rd quarter worth approximately $160,000.

The Mexico Fund Company Profile

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.