The Mexico Fund (NYSE:MXF) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

The Mexico Fund, Inc. (NYSE:MXF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.77 and traded as low as $13.29. The Mexico Fund shares last traded at $13.35, with a volume of 77,152 shares.

The Mexico Fund Price Performance

The company’s 50-day moving average price is $13.64 and its 200-day moving average price is $14.75.

The Mexico Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 22nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Trading of The Mexico Fund

A number of hedge funds have recently bought and sold shares of MXF. Toth Financial Advisory Corp purchased a new position in The Mexico Fund in the third quarter worth approximately $66,000. Blankinship & Foster LLC acquired a new position in shares of The Mexico Fund in the 3rd quarter valued at $160,000. PFG Investments LLC purchased a new position in shares of The Mexico Fund during the 3rd quarter worth $174,000. Landscape Capital Management L.L.C. increased its position in shares of The Mexico Fund by 62.4% during 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 purchasing an additional 29,079 shares during the last quarter. Finally, Logan Stone Capital LLC raised its holdings in The Mexico Fund by 152.2% in 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 buying an additional 42,069 shares during the period.

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.