The Mexico Fund, Inc. (NYSE:MXF - Get Free Report) Director La Calle Luis De acquired 6,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $14.32 per share, for a total transaction of $85,920.00. Following the transaction, the director now owns 7,344 shares of the company's stock, valued at approximately $105,166.08. This trade represents a 446.43 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
The Mexico Fund Stock Up 0.8 %
NYSE:MXF opened at $14.31 on Friday. The firm's 50 day moving average is $13.93 and its 200 day moving average is $14.17. The Mexico Fund, Inc. has a 12 month low of $12.99 and a 12 month high of $19.69.
The Mexico Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Tuesday, April 22nd.
Institutional Investors Weigh In On The Mexico Fund
Several institutional investors have recently added to or reduced their stakes in MXF. Public Employees Retirement System of Ohio purchased a new position in The Mexico Fund in the 3rd quarter valued at approximately $4,799,000. Almitas Capital LLC lifted its holdings in shares of The Mexico Fund by 124.9% in the fourth quarter. Almitas Capital LLC now owns 317,846 shares of the investment management company's stock worth $4,196,000 after buying an additional 176,498 shares in the last quarter. RPO LLC bought a new position in shares of The Mexico Fund in the fourth quarter valued at approximately $1,986,000. Boothbay Fund Management LLC purchased a new position in The Mexico Fund during the fourth quarter valued at approximately $1,490,000. Finally, Wolverine Asset Management LLC increased its holdings in The Mexico Fund by 95.5% during the 4th quarter. Wolverine Asset Management LLC now owns 145,595 shares of the investment management company's stock worth $1,922,000 after acquiring an additional 71,133 shares during the period.
About The Mexico Fund
(
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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