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Mexico Fund (NYSE:MXF) Shares Pass Above 50-Day Moving Average - Here's Why

Mexico Fund logo with Finance background

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.82 and traded as high as $17.46. Mexico Fund shares last traded at $17.40, with a volume of 43,585 shares trading hands.

Mexico Fund Price Performance

The firm has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $15.12.

Mexico Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This is an increase from Mexico Fund's previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 5.82%.

Hedge Funds Weigh In On Mexico Fund

Several large investors have recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Mexico Fund during the first quarter worth about $46,000. Logan Stone Capital LLC increased its holdings in Mexico Fund by 11.8% in the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company's stock worth $1,073,000 after purchasing an additional 8,606 shares in the last quarter. Matisse Capital increased its holdings in Mexico Fund by 5.1% in the first quarter. Matisse Capital now owns 205,000 shares of the investment management company's stock worth $2,917,000 after purchasing an additional 10,000 shares in the last quarter. Landscape Capital Management L.L.C. increased 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 worth $1,050,000 after purchasing an additional 19,109 shares in the last quarter. Finally, Quantedge Capital Pte Ltd increased its holdings in Mexico Fund by 28.4% in the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company's stock worth $1,218,000 after purchasing an additional 20,400 shares in 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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