The Mexico Fund (NYSE:MXF) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

The Mexico Fund, Inc. (NYSE:MXF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.48 and traded as low as $13.70. The Mexico Fund shares last traded at $13.80, with a volume of 77,274 shares traded.

The Mexico Fund Stock Performance

The firm has a 50 day moving average price of $13.58 and a 200 day moving average price of $14.46.

The Mexico Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Wednesday, January 22nd were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $0.88 annualized dividend and a dividend yield of 6.52%.

Insider Transactions at The Mexico Fund

In related news, CEO Alberto Osorio bought 15,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the purchase, the chief executive officer now directly owns 115,195 shares of the company’s stock, valued at approximately $1,558,588.35. This trade represents a 14.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.69% of the company’s stock.

Institutional Trading of The Mexico Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new position in shares of The Mexico Fund during the third quarter valued at about $66,000. PFG Investments LLC acquired a new position in The Mexico Fund during the 3rd quarter valued at approximately $174,000. Landscape Capital Management L.L.C. raised its holdings in shares of 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 worth $1,142,000 after buying an additional 29,079 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of The Mexico Fund during the third quarter worth $4,799,000. Finally, Blankinship & Foster LLC purchased a new stake in shares of The Mexico Fund during the third quarter valued at $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.