Mexico Fund (MXF) Hits New 12-Month Low at $13.05

Mexico Fund, Inc. (NYSE:MXF) shares reached a new 52-week low during trading on Friday . The company traded as low as $13.05 and last traded at $13.11, with a volume of 1500 shares changing hands. The stock had previously closed at $13.59.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Wednesday, October 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 16th. This represents a $1.00 dividend on an annualized basis and a yield of 7.33%. This is a boost from Mexico Fund’s previous quarterly dividend of $0.15.

In related news, insider Alberto Osorio bought 7,000 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were bought at an average price of $16.29 per share, with a total value of $114,030.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.04% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. City of London Investment Management Co. Ltd. lifted its position in shares of Mexico Fund by 25.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 2,767,315 shares of the investment management company’s stock worth $41,911,000 after purchasing an additional 556,595 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Mexico Fund by 3.4% during the third quarter. Wells Fargo & Company MN now owns 842,921 shares of the investment management company’s stock worth $13,740,000 after purchasing an additional 27,609 shares in the last quarter. 6 Meridian lifted its position in shares of Mexico Fund by 15.5% during the second quarter. 6 Meridian now owns 24,093 shares of the investment management company’s stock worth $365,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Mexico Fund by 26.1% during the first quarter. Guggenheim Capital LLC now owns 19,645 shares of the investment management company’s stock worth $319,000 after purchasing an additional 4,070 shares in the last quarter. 32.80% of the stock is currently owned by institutional investors and hedge funds.

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Mexico Fund Company Profile (NYSE:MXF)

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Further Reading: Market Capitalization – What it Means for Investors

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