Mexico Fund (NYSE:MXF) Stock Price Crosses Below Fifty Day Moving Average of $12.55

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Mexico Fund, Inc. (NYSE:MXF) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.55 and traded as low as $13.19. Mexico Fund shares last traded at $13.24, with a volume of 600 shares.

The firm has a fifty day moving average of $12.56 and a 200-day moving average of $13.57.

The business also recently declared a — dividend, which will be paid on Wednesday, October 30th. Investors of record on Wednesday, October 23rd will be issued a $0.25 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of Mexico Fund by 1,214.7% in the 2nd quarter. Royal Bank of Canada now owns 17,748 shares of the investment management company’s stock worth $244,000 after purchasing an additional 16,398 shares during the last quarter. Walleye Trading LLC bought a new stake in shares of Mexico Fund in the 2nd quarter worth approximately $140,000. City of London Investment Management Co. Ltd. lifted its holdings in shares of Mexico Fund by 10.3% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 4,189,235 shares of the investment management company’s stock worth $57,455,000 after purchasing an additional 389,856 shares during the last quarter. John G Ullman & Associates Inc. bought a new stake in shares of Mexico Fund in the 2nd quarter worth approximately $213,000. Finally, Point View Wealth Management Inc. bought a new stake in shares of Mexico Fund in the 2nd quarter worth approximately $591,000. 37.45% of the stock is currently owned by institutional investors and hedge funds.

Mexico Fund Company Profile (NYSE:MXF)

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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