Mexico Fund (NYSE:MXF) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• The Mexico Fund (NYSE:MXF) stock has recently crossed above its 50-day moving average of $18.53, trading as high as $19.00 and last at $18.81 with a volume of 11,654 shares.
• The fund declared a quarterly dividend of $0.25, which will be paid on October 30th, resulting in an annualized dividend of $1.00 and a yield of 5.3%.
• Recent activity from institutional investors includes new positions and increased stakes, with significant purchases from Greykasell Wealth Strategies and Scotia Capital totaling over $240,000 in new investments.

Mexico Fund, Inc. (The) (NYSE:MXF - ) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.53 and traded as high as $19.00. Mexico Fund shares last traded at $18.81, with a volume of 11,654 shares trading hands.

Mexico Fund Stock Performance

The firm has a 50 day simple moving average of $18.53 and a 200 day simple moving average of $16.98.

Mexico Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, October 22nd.

Hedge Funds Weigh In On Mexico Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Mexico Fund in the 1st quarter worth $46,000. Scotia Capital Inc. purchased a new position in shares of Mexico Fund in the 2nd quarter worth $196,000. Landscape Capital Management L.L.C. boosted its stake in shares of Mexico Fund by 34.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 73,799 shares of the investment management company's stock worth $1,050,000 after buying an additional 19,109 shares during the last quarter. Uhlmann Price Securities LLC boosted its stake in shares of Mexico Fund by 0.7% in the 2nd quarter. Uhlmann Price Securities LLC now owns 101,484 shares of the investment management company's stock worth $1,783,000 after buying an additional 696 shares during the last quarter. Finally, Quantedge Capital Pte Ltd boosted its stake in shares of Mexico Fund by 3.7% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company's stock worth $2,286,000 after buying an additional 4,650 shares during the last quarter.

About 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.

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