The Mexico Fund (NYSE:MXF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of The Mexico Fund, Inc. (NYSE:MXF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.31 and traded as high as $14.69. The Mexico Fund shares last traded at $14.66, with a volume of 48,230 shares.

The Mexico Fund Stock Up 1.4 %

The firm has a fifty day simple moving average of $13.71 and a 200-day simple moving average of $14.31.

The Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Wednesday, January 22nd.

Insider Activity

In other news, CEO Alberto Osorio acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $13.53 per share, for a total transaction of $202,950.00. Following the purchase, the chief executive officer now owns 115,195 shares of the company’s stock, valued at approximately $1,558,588.35. The trade was a 14.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Mexico Fund

Several institutional investors have recently made changes to their positions in MXF. Public Employees Retirement System of Ohio purchased a new stake in The Mexico Fund in the 3rd quarter worth approximately $4,799,000. Calamos Advisors LLC purchased a new stake in shares of The Mexico Fund in the fourth quarter worth $174,000. Matisse Capital increased its stake in The Mexico Fund by 7.7% in the 4th quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock worth $2,574,000 after acquiring an additional 14,000 shares during the last quarter. Blankinship & Foster LLC purchased a new position in The Mexico Fund in the third quarter worth $160,000. Finally, Toth Financial Advisory Corp bought a new position in The Mexico Fund during the 3rd quarter worth approximately $66,000.

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.