Mexico Equity and Income Fund, Inc. (NYSE:MXE – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.35 and traded as low as $13.16. Mexico Equity and Income Fund shares last traded at $13.3860, with a volume of 1,001 shares.
Mexico Equity and Income Fund Price Performance
The stock’s 50-day moving average price is $13.19 and its 200 day moving average price is $13.35.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Mexico Equity and Income Fund stock. Lazard Asset Management LLC lifted its stake in shares of Mexico Equity and Income Fund, Inc. (NYSE:MXE – Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,695 shares of the investment management company’s stock after purchasing an additional 3,283 shares during the period. Lazard Asset Management LLC owned 0.67% of Mexico Equity and Income Fund worth $368,000 as of its most recent SEC filing.
Mexico Equity and Income Fund Company Profile
Mexico Equity and Income Fund, Inc (NYSE: MXE) is a closed-end management investment company that provides investors with access to Mexican securities. Established in December 1982, the Fund is designed to deliver both long-term capital appreciation and dividend income by investing primarily in equity and equity-related instruments of Mexican companies.
The Fund’s core strategy centers on broad exposure to the Mexican equity market, with an emphasis on companies listed on the Mexican Stock Exchange and other regulated venues.
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