Mexico Fund, Inc. (The) (NYSE:MXF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $21.47 and traded as low as $20.05. Mexico Fund shares last traded at $20.2690, with a volume of 58,822 shares traded.
Mexico Fund Stock Performance
The business’s 50 day moving average is $20.98 and its 200 day moving average is $21.47.
Mexico Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, October 21st.
Insider Transactions at Mexico Fund
In other Mexico Fund news, major shareholder Saba Capital Management, L.P. acquired 25,900 shares of the stock in a transaction dated Monday, October 5th. The stock was acquired at an average cost of $20.09 per share, with a total value of $520,331.00. Following the transaction, the insider owned 2,393,834 shares in the company, valued at $48,092,125.06. The trade was a 1.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 109,634 shares of company stock worth $2,269,624. 2.69% of the stock is owned by insiders.
Institutional Investors Weigh In On Mexico Fund
Several institutional investors have recently added to or reduced their stakes in the business. Almitas Capital LLC purchased a new position in shares of Mexico Fund during the second quarter worth about $3,736,000. North Ground Capital acquired a new stake in shares of Mexico Fund during the second quarter worth about $2,981,931. Public Employees Retirement System of Ohio acquired a new stake in shares of Mexico Fund during the second quarter worth about $2,266,000. Altium Capital Management LLC lifted its holdings in shares of Mexico Fund by 165.5% in the 1st quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 79,898 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its holdings in shares of Mexico Fund by 4.3% in the 1st quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the last quarter.
About Mexico Fund
The Mexico Fund, Inc (NYSE: MXF) is a closed-end investment company focused on providing investors with exposure to Mexico’s financial markets. Its primary objective is long-term capital appreciation through investments in securities issued by Mexican companies and other issuers with substantial business activities in Mexico.
The fund generally invests in a diversified portfolio of Mexican equities across industries such as financial services, consumer products, telecommunications, industrials, materials and infrastructure.
Further Reading
- Five stocks we like better than Mexico Fund
- Market Volatility Playbook: Trade the Noise, Get Paid to Ignore the Rest
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
Receive News & Ratings for Mexico Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexico Fund and related companies with MarketBeat.com's FREE daily email newsletter.
