The Mexico Fund, Inc. (NYSE:MXF) Director Purchases $70,760.00 in Stock

The Mexico Fund, Inc. (NYSE:MXF) Director Richard B. Vaughan acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average cost of $17.69 per share, for a total transaction of $70,760.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $88,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Mexico Fund Stock Up 1.1 %

MXF stock traded up $0.19 during trading on Tuesday, reaching $18.01. 15,717 shares of the company were exchanged, compared to its average volume of 27,893. The Mexico Fund, Inc. has a 52-week low of $14.77 and a 52-week high of $19.69. The stock’s 50 day moving average price is $18.56 and its 200 day moving average price is $17.87.

The Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Wednesday, April 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, April 16th.

Institutional Trading of The Mexico Fund

A number of institutional investors have recently added to or reduced their stakes in MXF. Quantedge Capital Pte Ltd lifted its holdings in shares of The Mexico Fund by 20.9% in the fourth quarter. Quantedge Capital Pte Ltd now owns 39,901 shares of the investment management company’s stock valued at $761,000 after purchasing an additional 6,900 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of The Mexico Fund by 3.0% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 3,491,522 shares of the investment management company’s stock valued at $66,618,000 after purchasing an additional 101,431 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in shares of The Mexico Fund during the fourth quarter valued at approximately $680,000. Almitas Capital LLC lifted its stake in shares of The Mexico Fund by 10.9% during the third quarter. Almitas Capital LLC now owns 155,646 shares of the investment management company’s stock valued at $2,563,000 after buying an additional 15,317 shares during the period. Finally, Oak Grove Capital LLC purchased a new position in shares of The Mexico Fund during the third quarter valued at approximately $188,000.

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.