The Mexico Fund, Inc. (NYSE:MXF) Director Richard B. Vaughan Buys 4,000 Shares

The Mexico Fund, Inc. (NYSE:MXF) Director Richard B. Vaughan purchased 4,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average cost of $17.69 per share, with a total value of $70,760.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $88,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Mexico Fund Stock Down 1.1 %

MXF stock opened at $17.94 on Thursday. The company has a fifty day moving average price of $18.55 and a 200-day moving average price of $17.89. The Mexico Fund, Inc. has a 52-week low of $14.77 and a 52-week high of $19.69.

The Mexico Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Wednesday, April 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Tuesday, April 16th.

Hedge Funds Weigh In On The Mexico Fund

Hedge funds have recently bought and sold shares of the company. Oak Grove Capital LLC bought a new position in The Mexico Fund during the third quarter worth $188,000. HighTower Advisors LLC raised its stake in The Mexico Fund by 6.1% during the third quarter. HighTower Advisors LLC now owns 23,371 shares of the investment management company’s stock worth $388,000 after buying an additional 1,348 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in The Mexico Fund during the third quarter worth $544,000. Raymond James & Associates raised its stake in The Mexico Fund by 47.7% during the third quarter. Raymond James & Associates now owns 36,627 shares of the investment management company’s stock worth $603,000 after buying an additional 11,821 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new position in The Mexico Fund during the fourth quarter worth $680,000.

About The Mexico Fund

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.