The Mexico Fund, Inc. (NYSE:MXF) Director Acquires $85,920.00 in Stock

The Mexico Fund, Inc. (NYSE:MXF) Director La Calle Luis De acquired 6,000 shares of The Mexico Fund stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $85,920.00. Following the completion of the purchase, the director now directly owns 7,344 shares in the company, valued at $105,166.08. This represents a 446.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

The Mexico Fund Stock Performance

The Mexico Fund stock traded up $0.12 during midday trading on Thursday, reaching $14.31. 84,207 shares of the stock were exchanged, compared to its average volume of 58,349. The company’s fifty day moving average is $13.93 and its 200-day moving average is $14.17. The Mexico Fund, Inc. has a 52 week low of $12.99 and a 52 week high of $19.69.

The Mexico Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.15%.

Institutional Trading of The Mexico Fund

Large investors have recently modified their holdings of the business. Logan Stone Capital LLC lifted its stake in The Mexico Fund by 11.8% during the fourth quarter. Logan Stone Capital LLC now owns 81,317 shares of the investment management company’s stock worth $1,073,000 after purchasing an additional 8,606 shares during the last quarter. Blankinship & Foster LLC purchased a new stake in shares of The Mexico Fund during the third quarter valued at approximately $160,000. Calamos Advisors LLC bought a new stake in The Mexico Fund in the 4th quarter worth $174,000. Matisse Capital increased its holdings in The Mexico Fund by 7.7% during the 4th quarter. Matisse Capital now owns 195,000 shares of the investment management company’s stock valued at $2,574,000 after purchasing an additional 14,000 shares during the period. Finally, Quantedge Capital Pte Ltd increased its stake in shares of The Mexico Fund by 28.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 92,284 shares of the investment management company’s stock valued at $1,218,000 after buying an additional 20,400 shares during the period.

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.