Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.99 and traded as high as $17.30. Mexico Fund shares last traded at $17.11, with a volume of 23,079 shares changing hands.
Mexico Fund Price Performance
The business's 50 day moving average is $17.03 and its 200 day moving average is $15.29.
Mexico Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This is a boost from Mexico Fund's previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 5.89%.
Institutional Investors Weigh In On Mexico Fund
A number of large investors have recently modified their holdings of MXF. Greykasell Wealth Strategies Inc. purchased a new position in Mexico Fund in the first quarter valued at approximately $46,000. Rahlfs Capital LLC acquired a new stake in Mexico Fund in the fourth quarter valued at $276,000. Raymond James Financial Inc. acquired a new stake in Mexico Fund in the fourth quarter valued at $651,000. Landscape Capital Management L.L.C. lifted its holdings in Mexico Fund by 34.9% in the first quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company's stock valued at $1,050,000 after acquiring an additional 19,109 shares during the period. Finally, Logan Stone Capital LLC raised its stake in shares of Mexico Fund by 11.8% during the 4th quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock worth $1,073,000 after buying an additional 8,606 shares during the last quarter.
Mexico Fund Company Profile
(
Get Free Report)
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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