Insider Buying: The Mexico Fund, Inc. (NYSE:MXF) Director Buys 2,576 Shares of Stock

The Mexico Fund, Inc. (NYSE:MXF) Director Claudia Janez acquired 2,576 shares of the stock in a transaction on Thursday, September 26th. The stock was bought at an average price of $15.46 per share, for a total transaction of $39,824.96. Following the transaction, the director now owns 2,576 shares in the company, valued at approximately $39,824.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

The Mexico Fund Stock Performance

The Mexico Fund stock opened at $15.15 on Friday. The Mexico Fund, Inc. has a 12 month low of $14.27 and a 12 month high of $19.69. The stock’s 50 day simple moving average is $15.25 and its two-hundred day simple moving average is $16.83.

The Mexico Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.81%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MXF. Wolverine Asset Management LLC lifted its position in shares of The Mexico Fund by 384.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 76,026 shares of the investment management company’s stock valued at $1,216,000 after buying an additional 60,344 shares in the last quarter. Matisse Capital lifted its position in shares of The Mexico Fund by 42.4% during the 2nd quarter. Matisse Capital now owns 153,000 shares of the investment management company’s stock valued at $2,448,000 after buying an additional 45,576 shares in the last quarter. Logan Stone Capital LLC lifted its position in shares of The Mexico Fund by 152.2% during the 2nd quarter. Logan Stone Capital LLC now owns 69,711 shares of the investment management company’s stock valued at $1,115,000 after buying an additional 42,069 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of The Mexico Fund by 0.3% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 3,503,409 shares of the investment management company’s stock valued at $67,336,000 after buying an additional 11,887 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of The Mexico Fund by 0.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,687,120 shares of the investment management company’s stock valued at $26,994,000 after buying an additional 9,684 shares in the last quarter.

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.